Overview: After significant moves in equities and interest rates, investors are taking a collective breath, waiting for fresh developments. A nervous calm has settled over the capital market. China, Japan, and Australian equities leaked lower, but other bourses in the region, including Korea and Taiwan posted modest gains, while Indonesian equities are still responding positively to the recent election. European equities are steady with the Dow Jones Stoxx 600 up about 0.3% in late morning turnover, led by energy and communication sectors.
The S&P 500 gapped lower yesterday, and that gap (~2792.0-2801.6) is important from