Indices mixed as US earnings season gets underway
After a better start to the week gains have stalled, as the focus shifts to US inflation data and the start of earnings season.
FTSE 100
Gains have stalled below 7140, with the FTSE 100 unable to make any real forward progress.
A move above 7180 is needed to spark a bigger move to the upside, while sellers will need to drive the price below 7030 to suggest a deeper retracement is at hand.
DAX
The index moved up to a new record high yesterday, and has edged back down slightly since. However, a longer-term move higher still continues to elude the index.
Dips towards 15,500 have found buyers of late, with 15,300 as firm support during two recent steep drops.
S&P 500
A new record high for the S&P 500 yesterday has been followed up by some short-term weakness, but the overall move higher is still firmly intact.
Trendline support from the mid-June drop comes into play near 4340, and then below this 4290 is a possible area of support.
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