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DAX: European stocks stage oversold bounce

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    After a nightmare start in the first week of 2016, and despite another 5% drop in Chinese shares overnight, European stock markets have finally staged a much-needed bounce from oversold levels this morning. Sentiment has improved a tad on no apparent news, although China’s continued attempts to shore up confidence there could be among the reasons for this so-far small bounce. The US fourth quarter earnings season, which kicks into a higher gear with a couple of major banks reporting their

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