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Equities are mixed this morning with the UK UK Index breaking higher after a dovish BoE update was helpful in sending GBP lower. Germany’s DAX, however, remains underwater on persistent EUR strength and disappointing PMI Services.
The UK UK 100 is benefiting from gains for LLOY & RBS (tech bounce), NXT & AV(results ), AZN & BATS (recovery from regulatory surprise lows) and RIO (bounce from results sell-off). Holding it back are some ex-divs (HSBA, ULVR, RELX, MCRO), STAN (weak in Asia after yesterday’s results), CTEC (results this morning) and BP (oil sell-off).
Germany’s DAX is offside due principally to results as disappointments from Siemens, Beiersdorf, ProSieben and Lufthansa outweigh gains for Merck, D-Tel, Commerzbank (UniCredit read across) and Bayer (Beiersdorf read across).
The UK Index 100 has broken beyond 2-week falling highs at 7430. The DAX 30 is holding long-term rising support at 12100. Dow Jones Futures are trading into the 22000 apex of a bullish narrowing pattern. Gold is holding its uptrend at $1260.
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The UK Index 100 has broken beyond 2-week falling highs at 7430.
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 holding long-term rising support and recent lows at 12100.
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 trading into the 22000 apex of a bullish narrowing pattern
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 its uptrend at $1260
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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