Technical Analysis

European equities slightly higher at the open today

  • Eurostoxx +0.4%
  • Germany DAX +0.3%
  • France CAC 40 +0.5%
  • UK FTSE +0.2%
  • Spain IBEX +0.4%

Major indices in Europe posted losses ranging from 2% to over 3% last week, so the slightly positive open today isn’t saying much. It is a vulnerable time for equities, particularly if you consider the technical outlook for Wall Street at the moment as noted here. For now, there is a bit of a breather with S&P 500 futures also seen up 15 points, or 0.4%, at the moment.

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