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European equities are mixed as investors await more US banking results (BoA-ML beat; Wells Fargo at 1.45pm) and the latest US inflation data to decide whether it plays into the hands of another pre-Christmas Fed rate hike. If strong, expect the USD to strengthen, sending GBP lower, potentially helping the UK flagship blue-chip index higher. If not, expect the reverse.
UK UK 100 is offside due to losses for RDSb (despite higher oil), Banks (US results), BATS & DGE (strong GBP), GKN (profits warning) and Pharma outdo decent positive contributions from RIO, GLEN & BLT (metals price bounce after China trade data). The German DAX is flat with notable moves from only ProSeibenSat.1 Media and Bayer (BASF buying parts of seed business).
The UK Index 100 remains in a 7525-7570 rising channel. The DAX 30 continues to test 13000 for fresh record highs. Dow Jones Futures has broken back above 22865, still edging towards 22900. Gold’s is reversing from overnight highs just shy of $1300.
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The UK Index 100 remains in a 7525-7570 rising channel.
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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The DAX 30 continues to test 13000 for fresh record highs.
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
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Dow Jones Futures has broken back above 22865, still edging towards 22900
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Gold’s is reversing from overnight highs just shy of $1300. Stronger USD hurting.
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
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