Chinese devaluation soured mood in equities. Performance this week at a glance in chart & table -
S&P 500 -
- S&P sharply down today due to sell offs over China's action to devalue currencies. Today's range 2106-2078.
- US labor productivity rose by 1.3% in July and unit labor cost rise by 0.5% according to a preliminary reading.
- S&P 500 is currently trading at 2082. Immediate support lies at 1980, 2040 and resistance 2150.
FTSE -
- FTSE is down due to miners' drag and global sell offs. Today's range 6655-6745.
- CB leading economic index dropped by -0.2% in July.
- FTSE is currently trading at 6660. Immediate support lies at, 6050, 6450 and resistance at 6850, 7000.
DAX -
- DAX is down by -2.7% as investors dump equities. Today's range 11430-11600.
- Zew current sentiment improved to 65.7 in August from 63.9 in July.
- DAX is currently trading at 11290. Immediate support lies at, 11000 area and resistance at 11800 around.
EuroStxx50 -
- Stocks across Europe are trading red today.
- Euro zone Zew economic sentiment rose to 47.6 in August from 42.7 in July.
- Germany is down (-2.7%), France's CAC40 is down (-1.9%), Italy's FTSE MIB is down (-0.9%), Portugal's PSI 20 is down (-1.72%), Spain's IBEX is down (-1.4%)
- EuroStxx50 is currently trading at 3608, down by -1.9% today. Support lies at 3300 and resistance at 3760.
Nikkei -
- Nikkei is relatively better performer as weaker Yen provided some cushion.
- Nikkei is currently trading at 20630, with support around 20000 and resistance at 21000.
|
S&P500 |
+0.05% |
|
FTSE |
-1.10% |
|
DAX |
-1.94% |
|
EuroStxx50 |
-0.99% |
|
Nikkei |
-0.11% |


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