An all red day again, with the only exception being Silver (+0.35%). There is continuing uncertainty about the global debt issues, especially in Europe for which IMF head Christine Lagarde sent a clear message towards the European political leaders to make some decisions.
The market is clearly in “awareness mode” again, where every news can lead to big market volatility. Alcoa gave an idea where we are heading, while the Alcoa earnings have beaten estimates, they also forecast that the global economy will slow further, for which companies like Alcoa are very sensitive to.
Unless there are any big surprises, we expect that the market will go sideways for the rest of the week.
Here are a couple of articles: