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Equities are off their best levels but maintain a northerly bearing, buoyed by German coalition talks and fresh highs on Wall St, despite mixed Eurozone macro data and commodities off their best levels. A stronger USD helps, pushing GBP and EUR lower, especially the latter to ensure the German DAX outperforms the UK UK Index . US futures point to another positive opening this afternoon.
The UK UK Index trades flat with positive contributions from GLEN (copper bounce), GSK/VOD (breakouts), and BARC/RBS (bounce) offset by negatives from Micro Focus (results), HSBC/SHP/BATS (continued profit taking).
Germany’s DAX outperforms thanks to outsized gains (>1%) for Autos (sector rally continues), HeidelbergCement (weak EUR) and Deutsche Boerse overcoming weakness for Banks (DBK on course for another FY loss, US tax hit).
The UK Index 100 is holding above the 7715 floor of its rising channel. The DAX 30 has broken above 13350 to better December’s highs. Dow Jones Futures are holding above 25,300. Gold is trying to overcome Friday’s $1323 highs.
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The UK Index 100 is holding above the 7715 floor of its rising 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.
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The DAX 30 has broken above 13350 to better December’s 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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Dow Jones Futures are holding above 25,300.
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 is trying to overcome Friday’s $1323 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
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