Equity snapshot (Indices)

Equities are flat on the board except Nikkei. Performance this week at a glance in chart & table -

• S&P 500 - US indices has performed well on the back of a stronger economy but has been trailing major developed markets' indices in the absence of monetary stimulus and rate hike outlook this year. S&P 500 currently trading at 2109. It's at all-time high, immediate support lies at 2084.

• FTSE - FTSE so far is trailing other stock indices yet to decisively break above its all-time high. The market could get boost from rebound in UK economy & once ECB starts buying assets in March 2015. It's playing at its all-time high and trying to break above 7000. FTSE is currently trading at 6921. Support lies at 6840.

• DAX - German stock index is performing well this year as confidence in German economy grows and the companies are further to benefit from weak Euro. DAX is currently trading at 11126. It's breaking into new all-time high, support lies at 10980.

• EuroStxx - European stock index has done better from stronger data prints. Today German GDP data published, showed growth is strong at 1.6% YoY. The index is expected to do well once the political uncertainty clears & ECB bond purchase begins. EuroStxx is currently trading at 3526.It's breaking into new highs, support lies at 3387.

• Nikkei - Nikkei is the best performing index among the majors. Index is benefitting from BOJ asset purchase & of an end of two quarters of negative growth. Nikkei is currently trading at 18631. Immediate support lies at 18380.