How did the index contract start the day in VIOP?

The February-dated index contract traded at 9,937.00 in the opening session, 0.2 percent above the previous normal session close.

Yesterday, the index contract followed a volatile course and completed the normal session at 9,918.75 points, 0.5 percent below its previous close. In the evening session, the index contract partially recovered its losses, rising to 9,936.75 points.

Analysts stated that concerns in global equity markets regarding the US Federal Reserve (Fed) beginning to cut policy rates later than anticipated remain fresh, and that a negative trend is being observed ahead of the earnings reports expected from major companies in the US.

Noting that the consumer confidence index and international investment position will be monitored domestically today, and the balance of payments in the Eurozone and leading index data in the US will be followed abroad, analysts noted that technically, the 10,000 and 10,100 levels are resistance, while 9,900 and 9,800 points are support positions for the index contract.

News Source: AA