Ten more minutes to go and we should see the services PMI data coming out , normally this should show an increase from the previous level of 48.3 we could see a 48.8 to 49.1 which can be a goo sign. If it goes lower than the last month figures then the market is not going to dscount the data and will react accordingly. It will trigger a profit booking which could rebound later if the critical levels are maintained.Failing which it could trigger a massive sell off which could see us going down to lower levels of 6100 and beyond.
The chinese issue is slowly gathering momentum, and we should see some resolution either way as of now the company is on the way for a default. This is going to have a lasting impact, which might lead to more companies defaulting in the near future, and bring the market into a total turmoil.
The chinese issue is slowly gathering momentum, and we should see some resolution either way as of now the company is on the way for a default. This is going to have a lasting impact, which might lead to more companies defaulting in the near future, and bring the market into a total turmoil.