FTSE 100, DAX and S&P 500 all under pressure
Indices have dropped back from their recent peaks, although the downside is relatively limited for now. Much will depend on the outcome of the G20 meeting.
FTSE 100 stuck in descending channel
The FTSE 100 has managed to move off the lows seen yesterday, but remains within the descending channel of the past few days.
A move through 7430 would signal a break to the upside, targeting 7450 and then 7470. Further declines head towards 7370.
DAX looking to hold recent lows
The DAX has found support at 12,165. Below this, 12,030 and then 11,930 come into view.
A defence of the 50-day simple moving average (SMA) of 12,146 would raise the prospect of a higher low being created, with a target of 12,400 and then 12,600.
S&P 500 aims for recovery
Losses gathered pace for the S&P 500 yesterday, and the price remains at a one-week low.
Further declines head to the 50-day SMA (2878), above which it consolidated in early June. Fresh gains will head back towards the record high at 2964.
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