Nataly Kambur
European stock markets are trading in the red zone today. Mario Rajoy, Spain ’s Prime Minister, said Spain was not going to ask for external financial aid in the near future. The latest economic reports from China suggest further economic slowdown, which also affects European stock indices.
The current state of affair looks as follows:
· Stoxx Europe 600: -0,34% down to 270,69
· Dow Jones Euro Stoxx 50: -0,33% down to 2485,38
· FTSE 100: -0,32% down to 5791,05
· CAC 40: -0,51% down to 3396,93
· DAX - 0,23% down to 7288,80
The chart below, courtesy of , reflects the current state of affairs in the market of FTSE 100: We expect a short-term decline in the form of "с" of [ii] or [ b ]. The critical level is 5722. If the supposition is right, we may see the price rallying up to 5843.
Nataly Kambur
