Equity snapshot (indices)

Equities are trading in green today over Greek optimism. Performance this week at a glance in chart & table -

S&P 500 -

• S&P is up, as global sentiment recovered. Today's range 2121-2109.
  
• ADP employment showed job gains of 201,000 in May. April was revised lower by 4000 to 165,000.
  
  
• Trade deficit for April recorded $40 billion.
  
  
• Markit services PMI dropped to 56.2 from 56.4 prior. ISM non-manufacturing PMI dropped to 55.7 from 57.8 prior.
  
  
• S&P 500 is currently trading at 2120. Immediate support lies at 1980, 2040, 2080 and resistance 2164.

FTSE -

• FTSE is up as global mood improved. However UK services PMI dropped to 56.5 in May from 59.5 prior. Today's range 6985-6901.

• FTSE is currently trading at 6977. Immediate support lies at 6850, 6700 and resistance at 7120.           

DAX -

• DAX is up from support and ECB commentary provided the necessary support. German services PMI rose to 53 in May from 52.9 in April.

• Larger buy trend remains in place. Upside target is coming at 12600-12700 with stop at 11100. A break would lead DAX lower to touch 10550 area.

• DAX is currently trading at 11460. Immediate support lies at 11250 and resistance at 12080 around.

EuroStxx50 -

• Stocks across Europe are all trading in green today. Possibility of a Greek deal has improved sentiment.

• Germany is up (+1.09%), France's CAC40 is up (+0.96%), Italy's FTSE MIB is up (+0.60) and Spain's IBEX is up (+0.10%).

• Markit services PMI rose to 53.8 from 53.3. Unemployment rate dropped to 11.1%. Retail sales rose by 2.2% in April from a year ago.

• EuroStxx50 is currently trading at 3590, down 0.90% today. Support lies at 3450, 3300 and resistance at 3760.

Nikkei -

• Nikkei is struggling to push ahead as it faces headwinds from Yen volatility. However further rise towards target of 20800 is likely.

• Nikkei is currently trading at 20548. Key support is at 20200, 19500 and resistance at 20900 area.