by Chris Becker
The Monday night open in north Atlantic risk markets confirmed Friday’s nights fear as most stock markets fell, with oil continuining its freefall. The US Empire Manufacturing Index release in the middle of the session didn’t help, registering a surprising lower growth, as industrial production for November surprised on the upside.
It wasn’t enough as the commodity complex dragged investor confidence to new lows. The S&P500 index was the mildest fall of the night, down 0.6% but has broken support (both technical and psychological) at 2000 points and could accelerate from here:
