Equity snapshot (indices)

Equities are red across globe today. Performance this week at a glance in chart & table -

S&P 500 -

• S&P is down as weaker factory orders pose doubts on US economic strength.
  
• ISM New York came at 54 in May, lower than prior 58.1.
  
  
• TIPP economic optimism came at 48.1, lower than prior 49.7.
  
  
• Factory orders dropped -0.4% m/m in April.
  
  
• S&P 500 is currently trading at 2109. Immediate support lies at 1980, 2040, 2080 and resistance 2164.

FTSE -

• FTSE is trading flat today. Better than expected construction PMI at 55.9 for May provided the necessary support. FTSE covered initial loss sharply. Today's range 6972-6872.

• FTSE is currently trading at 6952. Immediate support lies at 6850, 6700 and resistance at 7120.                                       

DAX -

• DAX faced high volatility today. Today's range11467-11270. German employment increased by 6000, unemployment rate at 6.4% for April.

• Larger buy trend remains in place. Upside target is coming at 12600-12700 with stop at 11100. A break would lead DAX lower to touch 10550 area.

• DAX is currently trading at 11350. Immediate support lies at 11250 and resistance at 12080 around.

EuroStxx50 -

• Stocks across Europe are all mixed today. Bears are still retaining control.

• Germany is down (-0.73%), France's CAC40 is down (-0.18%), Italy's FTSE MIB is up (+0.66) and Spain's IBEX is up (+0.60%).

• European inflation quickened in May by 0.9% y/y for core and 0.3% y/y for headline.

• EuroStxx50 is currently trading at 3571, down 0.45% today. Support lies at 3450, 3300 and resistance at 3760.

Nikkei -

• Nikkei has retreated from high as Yen grew stronger against dollar.

• Further rise is likely.

• Nikkei is currently trading at 20443. Key support is at 20200, 19500 and resistance at 20900 area.