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Equities are positive, but typically quiet ahead of a major US market holiday. The DAX outperforms despite EUR strength on hopes of Merkel being able to form another grand coalition and avoid fresh elections. UK Index helped by GBP weakness amid continued discussion about UK budget and Brexit outlook.
The UK Index is helped by ULVR/DGE/AZN (defensives) RDSB (oil holding near highs) and GLEN (weaker USD helping metals), while CNA/SSE/NG (CNA profits warning), HSBC (profit taking) and VOD (ex-div) drag. Germany’s DAX is up thanks to gains for ThyssenKrupp (results), Lufthansa and HeidelbergCement overcoming minor resistance from RWE (profit taking), Deutsche Telekom (extending decline) and Fresenius.
The UK Index 100 has rallied back above 7400. The DAX 30 is back above 13000 after bouncing off 12900. Dow Jones Futures are back above 23500, pointing recent highs. Gold remains hampered by September falling highs at $1295.
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The UK Index 100 has rallied back above 7400.
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 is back above 13000 after bouncing off 12900.
Watch levels: Bullish 13,055, Bearish 13,000
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 are back above 23500, pointing recent 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.
Click here for help with Support & Resistance Click here for help with technicals
Gold remains hampered by September falling highs at $1295.
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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