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Economy / Russia

Key Market Views Update: Still Favouring Turkey And Russia

October 2009 | Market Strategy

European market momentum has swung higher again, with benchmark indicators bucking off inconclusive monthly and quarterly closes on September 30 and bouncing off short-term trendline support. The German DAX equity index has pushed back above a trendline support level at 5,600 to at one point trade at 5,670 on October 8, while the euro has shown renewed strength against the dollar, with a push back toward key resistance at US$1.4800/EUR looking likely in the short term.

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