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Equities are mixed mid-morning, with the UK UK Index making fresh highs, US Futures regaining some lost ground and Germany’s DAX underwater after encountering resistance. Investors continue to discuss a bond market inflection that could hurt all asset classes, despite Chinese denials that it might be considering buying less US Treasuries.
The UK UK Index is being driven north by Tobacco (9pts, weaker GBP) and Miners/Oil (13pts metals bounce, oil rally) while Retail (3pts, Xmas trading update), Telcos (3.5pts; risk appetite) and Banks (4pts; bond yields calmed) drag. Germany’s DAX underperforms as losses for SAP (MS downgrade), Deutsche Bank (calmer bond yields) and Deutsche Boerse contend with gains for Linde, Continental (rebound) and HeidelbergCement.
The UK Index 100 is hugging this morning’s fresh record highs at 7760. The DAX 30 found resistance at 13000. Dow Jones Futures are back just shy of Tuesday’s 25440 record high. Gold continues to consolidate $1315-$1325.
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The UK Index 100 is hugging this morning’s fresh record highs at 7760 , after extending its December uptrend.
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Possible support
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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 found resistance at 13000. Bearish flag?
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 just shy of Tuesday’s 25440 record high. Bullish ascending triangle?
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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Gold continues to consolidate $1315-$1325. Will it break higher or lower?
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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