Today seems to be a bullish day for European and Russian stock markets as the indices are trading in the green zone right now. The situation improved after Moody’s Investors Services was expected to cut Spain ’s credit rating but decided to postpone its decision.
The latest changes look as follows:
FTSE, S&P 350, DAX are up by 0,3 – 0,5%.
At the same time, MICEX and RTS (Russian stock indices) have strengthened by 0,6% and 0,4% correspondingly. The Russian market started today’s trading session in the red zone but managed to recover and enter the green zone later.
The chart below, courtesy of , reflects the current state of affairs in the market of FTSE 100:
On Friday, the price broke through a major level or support (5749), which means that the bearish move is still underway. The experts say that we may see another downswing attended by a recovery move.
