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Equities remain on the back foot after more aggressive rhetoric from North Korea, reviving geopolitical risk and some disappointing Chinese data that begs questions about economic growth, holding base metals back. This has offset further gains for Oil and a pullback in GBP and EUR from their recent equity hindering highs. UK Index perhaps waiting the GBP reaction to the Bank of England minutes at midday.
The UK UK 100 outperforms thanks to contributions from NXT (upgraded guidance), BP & RDSb (higher oil price), ABF & MKS (Next read across), DGE & RB (weaker GBP) & HSBC, offsetting weakness among RIO/GLEN/BHP/AAL (China data, base metals lower), MRW (results), EXPN (Equifax read across), SHP (continued profit-taking).
The German DAX is well in the red as losses for Deutsche Bank & D. Boerse, Utilities and Tech offset yet more gains for the Auto sector and an apparently unscathed insurance sector.
The UK Index 100 has rebounded but remains hampered by 7390 overnight highs. The DAX 30 thanks to intersecting rising support. After yesterday’s breakout, Dow Jones Futures have moved up for a bullish flirt with 22150. Gold has bounced from $1320, to maintain its July up channel.
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The UK Index 100 has rebounded but remains hampered y 7390 overnight 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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The DAX 30 remains above 12500 thanks to intersecting rising support.
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 have moved up for a bullish flirt with 22150.
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 has bounced from $1320, to maintain its July up 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.
Click here for help with Support & Resistance Click here for help with technicals
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