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Equity snapshot (indices)

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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