Equity snapshot (indices)

Equities are trading in red today. Performance this week at a glance in chart & table -

S&P 500 -

• S&P is down as US GDP components shrank and investors withdrew money from US.
  
• Headline GDP shrank by -0.7%.
  
  
• Chicago PMI was sharply lower to 46.2 from 52.3 prior.
  
  
• Michigan consumer sentiment improved 90.7 from 88.6 prior.
  
  
• S&P 500 is currently trading at 2115. Immediate support lies at 1980, 2040, 2080 and resistance 2164.

FTSE -

• FTSE is treading water in spite of global selling. Today's range 7069-7005.
  
• 7000 seem to be acting as strong support.
  
  
• FTSE is currently trading at 7042. Immediate support lies at 6850, 6700 and resistance at 7120.                                 

DAX -

• DAX is down heavily as Euro moved up sharply. 11704-11510 today. German retail sales grew by 1% in April from a year ago.

• Larger buy trend remains in place. Upside target is coming at 12600-12700 with stop at 11100.

• DAX is currently trading at 11520. Immediate support lies at 11250 and resistance at 12080 around.

EuroStxx50 -

• Stocks across Europe are all trading in red today.

• Germany is down (-1.38%), France's CAC40 is down (-1.30%), Italy's FTSE MIB is down (-0.06%) and Spain's IBEX is down (-0.75%).

• EuroStxx50 is currently trading at 3606, down 1.4% today. Support lies at 3450, 3300 and resistance at 3760.

Nikkei -

• Weaker Yen is providing the necessary support to Nikkei, which remains buoyant in spite of global sell offs.

• Japanese core CPI remain weak, growing just at 0.3% in April from a year ago.

• Nikkei is currently trading at 20428. Key support is at 20200, 19500 and resistance at 20900 area.