Equity Snapshot (indices)

Equities are marginally lower today. Performance this week at a glance in chart & table –

S&P 500 –

  • S&P is marginally down today, over profit bookings.
  • Initial jobless claims rose to 282K.
  • Pending home sales grew by 3.4%m/m in April and 14% from a year ago.
  • S&P 500 is currently trading at 2117. Immediate support lies at 1980, 2040, 2080 and resistance 2164.

FTSE –

  • FTSE is treading water today after crossing 7000 mark yesterday. Today’s range 7049-7005.
  • Second preliminary estimate showed UK GDP grew 0.3% in first quarter and 2.4% from a year ago.
  • FTSE is currently trading at 7029. Immediate support lies at 6850, 6700 and resistance at 7120.         

DAX –

  • DAX is trading in small range of 11690-11780 today. German import price index rose 0.6% m/m in April, however still down by -0.6% from a year ago.
  • Larger buy trend have resumed. Upside target is coming at 12600-12700 with stop at 11100.
  • DAX is currently trading at 11693. Immediate support lies at 11250 and resistance at 12080 around.

EuroStxx50 –

  • Stocks across Europe are all trading in red today.
  • Germany is down (-0.68%), France’s CAC40 is down (-0.91%), Italy’s FTSE MIB is down (-0.43%) and Spain’s IBEX is down (-0.66%).
  • EuroStxx50 is currently trading at 3646, down 1% today. Support lies at 3450, 3300 and resistance at 3760.

Nikkei –

  • Weaker Yen is providing the necessary support. Expect heavy profit bookings near 21000 area. Nikkei is the best performer this week so far.
  • Nikkei is currently trading at 20488. Key support is at 20200, 19500 and resistance at 20900 area.

S&P500

-0.47%

FTSE

-0.04%

DAX

-1.23%

EuroStxx50

-0.92%

Nikkei

+0.64%

 

The material has been provided by InstaForex Company – www.instaforex.com

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