Equity Snapshot (indices)

Equities are trading in red today. Performance this week at a glance in chart & table –

S&P 500 –

  • S&P is down as US GDP components shrank and investors withdrew money from US.
  • Headline GDP shrank by -0.7%.
  • Chicago PMI was sharply lower to 46.2 from 52.3 prior.
  • Michigan consumer sentiment improved 90.7 from 88.6 prior.
  • S&P 500 is currently trading at 2115. Immediate support lies at 1980, 2040, 2080 and resistance 2164.

FTSE –

  • FTSE is treading water in spite of global selling. Today’s range 7069-7005.
  • 7000 seem to be acting as strong support.
  • FTSE is currently trading at 7042. Immediate support lies at 6850, 6700 and resistance at 7120.                                 

DAX –

  • DAX is down heavily as Euro moved up sharply. 11704-11510 today. German retail sales grew by 1% in April from a year ago.
  • Larger buy trend remains in place. Upside target is coming at 12600-12700 with stop at 11100.
  • DAX is currently trading at 11520. Immediate support lies at 11250 and resistance at 12080 around.

EuroStxx50 –

  • Stocks across Europe are all trading in red today.
  • Germany is down (-1.38%), France’s CAC40 is down (-1.30%), Italy’s FTSE MIB is down (-0.06%) and Spain’s IBEX is down (-0.75%).
  • EuroStxx50 is currently trading at 3606, down 1.4% today. Support lies at 3450, 3300 and resistance at 3760.

Nikkei –

  • Weaker Yen is providing the necessary support to Nikkei, which remains buoyant in spite of global sell offs.
  • Japanese core CPI remain weak, growing just at 0.3% in April from a year ago.
  • Nikkei is currently trading at 20428. Key support is at 20200, 19500 and resistance at 20900 area.

S&P500

-0.56%

FTSE

+0.16%

DAX

-2.66%

EuroStxx50

-2.01%

Nikkei

+0.34%

 

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

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