Two Fifteen

Two Fifteen – 13 July 2020

Well someone out there definitely likes Mondays. A very similar start to the week as we saw last Monday with markets around the world better bid. Again China led the way (CSI 300 made a new 5year high - see chart below). Again though, not huge amounts of conviction to the move. Volumes quickly faded as the market drifted and are running at c10% lower than Friday and down 25% on the 20 day average. EU indices remain in the well-established ranges and Germany remain the winner – the Dax making a new all-time high vs the SXXE this morning.

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