Equity markets are attempting to stabilise after the tech-led sell-off at the end of last week, but the lack of direction from the US on Monday means we are waiting on the Wall Street cash equity open to get a true feel for sentiment. European bourses traded a little lower on Tuesday morning after a strong bump up on Monday. US futures are a little bit positive, but the Nasdaq was weaker, pointing to ongoing concerns in the tech sector. We need to see whether yesterday’s European rally was something of a free pass thanks to the US holiday and whether there is another tech volatility bleed into the broader market.
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