"Spread Bet" Early Market Opening Indications: Stocks Tumble, Europe Crashes

While there are still at least 4 hours until Sunday's first EUR price indications, which as we reported yesterday will likely switch "close only" mode for most FX brokers who still recall the horror of the SNB bait and switch, and just under 8 hours until the official open of US equity futures, one place to find out what investors are betting, literally, will be market levels at the open are UK spread bettors such as IG.

As the following screenshot shows, China's rate cut to halt its own market collapse may be promptly drowned out by the market's realization that contrary to clueless pundit ramblings, Greece was not "priced in."

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There are markets open in The Middle East and Saudi Arabia and Dubai stocks are down 2-3% for now...