Levels to watch: FTSE 100, DAX and S&P 500

Indices continue to weaken this morning, hit by trade war concerns and a miss in eurozone PMIs. 

FTSE 100 eases off record high

The steady uptrend of the past few weeks for the FTSE 100 posted a new record high yesterday, with a modest pullback in progress so far this morning.

Dips towards 7750 remain potential buying opportunities, with a break below this level pointing towards a move to 7589.

DAX takes a knock

Weakness in German purchasing managers indexes (PMIs) has prompted a drop here for DAX in the early part of the session, testing the rising trendline from 4 April.

Below 13,010, 12,954 comes into view, while below this 12,742 and 12,663 are areas of possible support. A turn higher targets the 13,200 area and then onwards towards 13,600.

S&P 500 closes Sunday gap

The S&P 500 has closed the gap from Sunday night, and is heading towards the 2700 zone of support that held last week.

Below this, 2682 and 2647 come into play. A turn higher targets 2740 and then 2790. 

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