Gerald Kristin Evansis a former American football tight end in the National Football League. He played for the Denver Broncos from 1993 to 1995. He played college football at Toledo... (wikipedia)
There are two things here, both are a hang-over from America.
Ironically, it could be a nice finale to the quarter.
London is still seen as the crossroads of all markets. Europe is roughly on its doorstep, one hour distant, New York is five hours distant and there's the cross-over with the Asian markets.
Europe will rely less on Wall Street, as economic trends take over.
It would seem the bank now realizes that we are falling into a bit of a deep hole.
This is a market that will not do what may be obvious. It's sentiment-led, rather than value-led. If we stabilize, people may try to cherry-pick in blue-chip and growth stocks, but if we head lower investors may get defensive again.
It's now coming back in a better quality.
Generally, markets are mildly up. But this hides the growing nervousness or uncertainties that really have developed in the second quarter.
The markets' resilience at the moment is remarkable.
The market is not expected to do anything much.