Equity snapshot (indices)

Equities are trading in red as FED decision approaches. Performance this week at a glance in chart & table -

S&P 500 -

• S&P has broken below 2100 mark. Today's range 2111-2091.
  
• Producer price index grew 0.5% m/m in May.
  
  
• Preliminary reading shows Michigan confidence rose to 94.6.
  
  
• S&P 500 is currently trading at 2091. Immediate support lies at 1980, 2040 and resistance 2164.

FTSE -

• FTSE faced heavy selloff today amid stronger pound. Today's range 6840-6760. FTSE is facing key support level test as FED approaches.

• FTSE is currently trading at 6840. Immediate support lies at 6700 and resistance at 7120.                           

DAX -

• DAX in giving up gains, as investors rush to book profit ahead of FED week.

• DAX is likely to move towards 10550 area, since 1100 mark was broken. However DAX remains fundamental buy.

• DAX is currently trading at 11190. Immediate support lies at 10500 and resistance at 11500 around.

EuroStxx50 -

• Stocks across Europe are all trading in red today as Euro strengthen and investors rushed in to book profit.

• Germany is down (-1.25%), France's CAC40 is down (-1.37%), Italy's FTSE MIB is down (-1.53%) and Spain's IBEX is down (-1.11%).

• EuroStxx50 is currently trading at 3497, down -1.55% today. Support lies at 3450, 3300 and resistance at 3760.

Nikkei -

• Nikkei is in red but holding gains better as Yen remains relatively week compared to other major pairs.

• Nikkei is currently trading at 20303. Key support is at 19500 and resistance at 20900 area.