Equity snapshot (indices)

Equities are all trading in green today, with Europe seeming to be more bullish. Performance this week at a glance in chart & table -

S&P 500 -

• S&P traded to new all-time high today, around 2125 area. Higher than expected earnings provided support to S&P.
  
• Preliminary estimate shows Services PMI will drop to 57.8 from 59.2 prior.
  
  
• Dallas FED manufacturing business came at -16 compared to -17.4 last week.
  
  
• Falling volatility indicate that further gains might be on card.
  
  
• S&P 500 is currently trading at 2118, up +0.03% today. Immediate support lies at 1980, 2040 and resistance 2164.

FTSE -

• FTSE gained ground despite stronger pound, traded above 7100 level, made high around 7122.

• FTSE will be rising further, though upcoming election might provide temporary headwinds.
  
  
• Important support lies at 6950, 6700.                     

DAX -

• DAX has gained back 12000 level, as fears over Greek contagion is starting to fade.
  
  
• However short term bulls might face some challenge due to bearish engulfing in weekly chart.
  
  
• Index is trading at 12032, up nearly 1.9% today. Immediate support lies at 11600, 11200 and resistance at 12100, 12180, 12360.

EuroStxx50 -

• Stocks across Europe are green today, fueled by risk on theme as market shrugged off Greece related uncertainty.

• Germany is up (+1.9%), France's CAC40 is up (+1.2%), Italy's FTSE MIB is up (+1.36%) and Spain's IBEX is up (+1.17%).

• EuroStxx50 is currently trading at 3770, up 1.6% today. Support lies at 3635, 3545, 3300

Nikkei -

• Nikkei is struggling today, to hold gains above 20000 level. Bank of Japan's (BOJ) neutral stance is providing headwinds.

• Nikkei is currently trading at 20088. Immediate support lies at 19450, 18540 and resistance at 20800.