Stock markets are rebounding a bit from daily lows. This is happening not only in Europe but also in the US as S&P500 fut. are climbing near today’s opening level.
S&P 500 fut. -0.03%
It seems that the buy side considered the sell-off wave as transitory and bought the whole panic wave of sell orders. This may be important due to the fact that Saudis are slowly withdrawing their capital from investment funds and once the process is done, the sell-off wave should vanish.