An interesting session - FTSE +1.9%, DAX +1.7%, - due to lack of negative news, so oversold markets bounced. However, S&P -0.2% and the Dow flat as US failed to hold onto the bounce despite promising home sales figures.
We should recover slightly from yesterday's -2% tumble, Nikkei -7% due to an unofficial purchasing managers index from China. FTSE and DAX fell more than 2% but the US shrugged it off: Dow -0.1%, S&P -0.3%
We'll be down; down in US, up in EU - FTSE +0.5%, DAX +0.7%, Dow -0.5%, S&P -0.8% - FOMC minutes highlighted that the recovery may be slowing and Bernanke saying they are open to changing the QE rate, EU markets didn't see the late fall in US.