Monday opened with Asian stocks falling 0.27% to 1.3%. Investors processed Friday's brutal US tech selloff.
Japan's Nikkei dropped 1.3%. Hong Kong futures pointed to losses from the previous close of 25,977. Not the 7% crash initially feared, but still weak.
Bitcoin recovered to $89,077 after testing $88,070 support. Up 1.5% for the day. That's a bounce from the lows but still down significantly from recent peaks. (1/4)
The S&P 500 fell 1.07% Friday to 6,827 after hitting a record 6,901 Thursday. The Nasdaq crashed 1.7%. The Dow fell 0.51%.
US futures rose 0.2% Monday morning despite Asian weakness. That's a small rebound attempt.
Markets face November jobs data Tuesday. CPI comes Thursday.
Nine central banks decide policy this week. The Bank of Japan hikes to 0.75% Thursday December 19.
Oracle fell 13% last week. Broadcom lost $219 billion Friday. That triggered the AI unwind. (2/4)
ADP showed 32,000 private job losses in November. Small businesses lost 120,000 jobs.
Tuesday's BLS report either confirms the weakness or contradicts it entirely.
The Dow hit a record 48,704 Thursday on Visa and financials before reversing Friday. That was defensive rotation before the tech crash.
The S&P 500 sits at 6,827. October 27 gap support at 6,830 is right below. That support may breaks this week. (3/4)
Henrik Ekenberg