Eoin Treacy's view (Please note: All data quoted above originates in Bloomberg. We realise that some of the data displayed is inaccurate for some indices, particularly where ADRs are included. However, I have endeavoured to remove those indices which were most problematic. We continue to publish these tables because the data is generally accurate and going forward we will continue to weed-out the less reliable data sets as subscribers highlight them for us. The P/Es quoted by Bloomberg are exclusively based on operating earnings.)


Today's interesting charts - The Chart Library should prove a valuable tool is attempting to identify early leadership following the recent stock market declines.

Swiss Market Index - today's bounce was aided by the SNB's reassertion of its intent to weaken the Franc. The Index has now posted two consecutive higher reaction lows within the short-term support building phase. A sustained move below 5135 would be required to question current scope for some additional higher to lateral ranging.

Dollar Index - The US Dollar has now rallied to the upper side of the developing range and is testing the 200-day MA. A sustained move above 76 would suggest a return to more than short-term demand dominance.

Taiwan - falls back to test the mid-August higher reaction low and will need to rally from current levels to continue to suggest support building is under way.