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Equity snapshot (indices)

Equities are all trading in green today, boosted by global risk on sentiment. Performance this week at a glance in chart & table - S&P 500 - US benchmark gained over 2100 level, however marginally up today. Redbook index…

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Equity snapshot (indices)
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Equities are all trading in green today, boosted by global risk on sentiment. Performance this week at a glance in chart & table -

S&P 500 -

  • US benchmark gained over 2100 level, however marginally up today.
  • Redbook index grew at slower pace of 0.1% m/m and 0.8%.

  • Philadelphia FED non-manufacturing activity index came at 41 in April against 48 in March.

  • S&P 500 is currently trading at 2102, up +0.22% today. Immediate support lies at 1980, 2040 and resistance 2120, 2164.

FTSE -

  • FTSE gained further grounds lost last week in today's trading. Bulls might test 7100 level once more trying to break out.

  • Important support lies at 6950, 6700 and resistance around 7100 level.                       

DAX -

  • DAX is giving up gains after bulls were halted close to old resistance level of 12080, however major trend remains bullish.

  • In the short run though bulls might struggle as last week's candle was bearish engulfing.

  • Index is trading at 11960, up nearly 0.6% today. Immediate support lies at 11600, 11200 and resistance at 12100, 12180, 12360.

EuroStxx50 -

  • Stocks across Europe are mostly green, however bulls are seen struggling so far this week.
  • Germany is up (+0.6%), France's CAC40 is up (+0.3%), Italy's FTSE MIB is down (-0.37%) and Spain's IBEX is up (+0.4%).
  • EuroStxx50 is currently trading at 3720, up +0.35% today. Index might drop lower in short term. Support lies at 3635, 3545, 3300

Nikkei -

  • Nikkei bulls marched beyond 20000 level making Nikkei the best performer this today. Further gains might be on radar. However risks of global sell off is high.

  • Nikkei is currently trading at 20010. Immediate support lies at 19450, 18540 and resistance at 20800.

S&P500

+0.82%

FTSE

+0.96%

DAX

+2.47%

EuroStxx50

+1.33%

Nikkei

+2.27%

 

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