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Global equities are mixed with UK Index flat as the benefit of GBP weakness from Brexit uncertainty is offset by lower metals prices hurting the Miners. US futures outperform, rebounding from last night’s mixed digestion of tax reform progress, while Germany’s DAX underperforms as GBP and USD weakness translates to unhelpful EUR strength.
The UK UK 100 is buoyed by gains for BATS/DGE/RDSB (weaker GBP), TSCO/STAN (broker upgrades), ULVR/RB (pref. for defensives) offsetting the drag from GLEN/RIO/AAL (lower metals prices), BARC (falling highs resistance), SHP/AZN (continued pullback). Germany’s DAX sees gains for Vonovia, RWE and E.ON easily eclipsed by general weakness on account of the stronger EUR, most notably for Lufthansa, VW, Merck, Bayer, Fresenius and Commerzbank.
The UK Index 100 has bounced off 7340. The DAX 30 is testing 12965 support from late last week. Dow Jones Futures are sideways 24250-24400. Gold is holding around recent $1270 lows.
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The UK Index 100 has bounced off 7340.
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 testing 12965 support from late last week
Watch levels: Bullish 13,000, Bearish 12,965
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 sideways 24250-24400
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 is holding around recent $1270 lows.
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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