Equity snapshot (indices)

Today is a risk on day for global equities so far. Performance this week at a glance in chart & table -

S&P 500 -

• US benchmark successfully bounced back from key support last week and extended gains today.
   
 
• Personal income grew
  better than expected at 0.4% in February.
  
  
 
• Personal spending grew marginally at 0.1%.
  
  
• Core PCE price index remained stable growing at 1.4% YoY.
  
  
• Pending home sales grew 12% YoY and 3.1% mom in February.
  
  
• Dallas FED manufacturing business index fell further to -17.4 from prior -11.2
  
  
• SPX500 is currently trading at 2082, up 1% for the day. Immediate support lies at 1980, 2040 and resistance 2120, 2164.

FTSE -

• FTSE gained grounds today after last week's massive selloff. Risk favoring sentiment remains at large today.
  
  
• FTSE is currently trading at 6896, up 0.60% today. Immediate support lies at 6700 and resistance at 9665 and 7060.
                                     

DAX -

• DAX is top performer today, gaining on risk on theme. Improved sentiment readings across Euro zone improved sentiments towards European stocks as a whole.
  
  
• German CPI came weaker, prices grew 0.5% mom compared to 1% prior.
  
  
• DAX is trading at 12062, up near 1.6% today. Immediate support lies at 11750, 11600 and resistance at 12080, 12200.

EuroStxx50 -

• Stocks across Europe are positive today.

• Germany is up (+1.60%), France's CAC40 is up (+0.93%), Italy's FTSE MIB is up (+1.10%) and Spain's IBEX is up (+0.92%).

• EuroStxx50 is currently trading at 3726, up +1.20% today. Bias is upwards. Support lies at 3635, 3545.

Nikkei -

• Nikkei has rebounded from support and gaining today as risk favoring sentiment is on across globe. Weaker Yen also remains price supportive for the stock market as a whole.
  
  
• Nikkei is currently trading at 19588. Immediate support lies at 19220, 18540 and resistance at 19730, 19920.