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.
|
S&P500 |
+0.03% |
|
FTSE |
+0.44% |
|
DAX |
+1.87% |
|
EuroStxx50 |
+1.54% |
|
Nikkei |
+0.12% |
