Equities are getting hammered globally as airstrikes by Saudi Arabia over Yemen, gave opportunities to bears to go rampant in the market. Performance this week at a glance in chart & table –

  • S&P 500 – US benchmark fell towards key support zone, before bouncing back. Initial jobless claims fell by 8K to 281K. Markit services PMI registered further gains at 58.6 and composite PMI at 58.5 for March. SPX500 is currently trading at 2054, down 0.45% for the day. Immediate support lies at 1980, 2040 and resistance 2120, 2164.

  • FTSE – FTSE gave up all the gains of last week today amid risk aversion and heavy selling. UK retail sales grew by 0.7% mom. FTSE is currently trading at 7890, down 1% today. Further losses might be on card as it has broken below immediate support. Support lies at 6700, 6300.

  • DAX – DAX continues to fall for second consecutive week. Another massive selloff was registered today amid risk aversion. DAX is currently trading at 11747. Price might be targeting around 11300 area. Immediate support lies at 11390 and resistance at 11850, 12080.
  • EuroStxx50 – Stocks across Europe are down big time today. Germany is down (-1%), France’s CAC40 is up (-1.5%), Italy’s FTSE MIB is down (-2%) and Spain’s IBEX is down (-1.25%). EuroStxx50 is currently trading at 3631, down -1.4% today. Support lies at 3635, 3545.
  • Nikkei – Nikkei gave up most of the gains this month, intraday it fell as low as 19140, however gained back to 19340 level. Immediate support lies at 19220, 18540.












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