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FTSE 100, DAX and S&P 500 lose ground in early trading

The return of US markets today and the impending release of non-farm payrolls mean that European markets are mixed in early trading.

FTSE 100 still near highs for the week

Two days of losses have barely put a dent in the FTSE 100's gains over the past month.

Rising trendline support would come into play around 7500, with the 7556 peak a possible support level before this. Upside targets are 7644 and then on to 7780.

DAX moves sideways

The DAX has made little in the way of progress since Wednesday, with the US holiday removing much of the volume and upward momentum.

Rising trendline support from the June low would come into play just below 12,500, while a move below 12,400 would be needed to suggest a near-term retracement is in play, and this would bring 12,165 into view.

S&P 500 edges back but remains close to 3000

Short-term support for the S&P 500 comes into play around 2990, when the price might hit rising trendline support from the late June low.

Below this at 2980 lies rising trendline support from the low at the beginning of June. Below this a deeper fall to 2910 might come into play.


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