A breezy outlook

Hedge fund managers have, on the whole, been short of equities for the best part of a year now, since the ill-fated suckers' rally of September 2000. How are they positioned in European stock futures, and what are the outlooks?.

UK Index futures are seen lower over the coming months, with hedge funds at the head of the sellers. Current lead contract, the September FTSE future, is finding short-term support reprieve at the 5309/00 channel base and psychological barrier, but consolidative action is