Wednesday 3 September 2014

Closing Brief

US equities closed moderately mixed, sp -1pt @ 2000. The two leaders - Trans/R2K, slipped by -0.2% and -0.6% respectively. Near term outlook offers the sp'2020s in the remainder of the week.


sp'60min


Summary

A relatively quiet day of minor weak chop..and there really isn't much to add.

The only moves of note were in Oil/Gas.

Other than that...its now a case of waiting to see what the ECB decide upon tomorrow morning (due around 7am EST).

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Meanwhile.. in Iceland... (link subject to change... eventually)



The Bardarbunga issue remains a major one for months ahead for all those in NW Europe, but for now, its merely a long fissure, rather than an explosive volcano.

This is bullish land/resource sector..yes?
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more later.. on the VIX