Yuriy Ukazkin
Major European indexes dropped at the beginning of trading session on Friday. Reports made by a number of companies have disappointed investors. US statistical data is also highly expected, thus reducing activity, as informed by the «Market Leader».
German index DAX 30 has dropped by 0.5 percent, having amounted to 7166 points. British FTSE 100 has lost 0.6 percent, thus being equal to 5774.58 points. French AC 40 has decreased by 0.8 percent, having amounted to 3386.1 points.
FTSE 100 index has started postponing the formation of correctional wave b, which finished with a simple zigzag. At this point down trend within wave с may be formed; from technical point of view, the break of the level of support 5722 would be positive. Therefore, the index may drop during the trading session.
Yuriy Ukazkin
