by Chris Becker
Volatility is ruling the markets as the long expected rebound in oil outweighed the huge drop in US December retail sales, a significant breakdown in copper and continued speculation of what action, if any lasting, the ECB will take its meeting next week.
European stocks fell across the board, the FTSE falling the most down 2.3% while the DAX fell 1.2% but the technical daily picture looks better for the Germans:
As the FTSE remains in a sustained downtrend but has not yet broken weak support and the trendline from the pre-Christmas low:
American stocks fared better, although the narrow Dow Jones fell 1%, the S&P500 was only down 0.6% as it bounced off support:
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