What a way to start the week! European equities hit fresh 2020 lows after a weekend full of news in the COVID-19 and Oil space. Italy started the week with a quarter of its population in quarantine and Saudi Arabia launched a war for oil market share. All indices plunged at the open, V2X spiked (currently trading up +43%) and we are back to talking about support levels. FTSE 100 plunged at the open but support remains 6000? (was 5891 earlier but 6015 now). The Euro Stoxx 50 is trading below 3000, which targets 2908 (Dec 2018 low), but overall most of levels are now ~ 10% down from Friday’s close – please shout if you need any specific ones.
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