CALDEIRÃO DE BOLSA

Equity Strategy: the selling continues this morning after FTSE 100 posted a key day reversal yesterday.

Both Citi and Morgan Stanley's gloomy mid-term outlook is doing the rounds this morning and both are calling for an outright correction across the summer months.

We're on the same page and are sticking with our call of a solid H1 and a soft H2 as outlined in our Yearly Outlook.