Market Outlook July 5th - July 9th

Market Outlook - US:
US indices plunged last week, with the Nasdaq losing almost 6%. Real Estate & Bank sectors declined the most (more than 8%) while Food & Beverage and Household & Personal Goods eased less than 1%. The major indices closed in the red territory every trading day of last week. Tuesday the market declined the most after the release of June Consumer Confidence at 52.9 against 62.5 expected. Friday, was mixed on the economic front with May Factory orders declining 1.4% against an expected decline of 0.5%. However, the market found some support with the decrease in unemployment rate published at 9.5% against 9.8% expected. From a technical point of view, the S&P500 has broken below the 1050 key threshold opening the way towards 1000 & 950. - EUROPE:
European markets extended their decline last week. Basic Resources sector lead the movement plunging more than 8%. On the contrary Oil & Gas and Health Care stocks eased the less. On the Stoxx 600, since the downside break...