London Stocks End Firmly Lower; Banks Slide

FTSE 100 closes 1.3% lower at 5267.62, with banking stocks leading declines after Moody’s downgrade of 16 Spanish lenders, including Santander which operates in the UK. Lloyds Banking Group ends down 6.2%, Royal Bank of Scotland off 5%. Continue Reading…

(6238) The DAX failed to rebound plunging instead lower breaking below 6300 on the way toward the target at 6187.  The indicators of the daily chart are still well negative now even oversold. Those of the s/t ones are also negative with further bullish divergences confirming the negative tone. Continue Reading…

London Stocks End Firmly Lower; Greece Weighs

FTSE 100 closes 1.2% lower at 5338.38. Banks are among the worst performers, with Barclays off 3.8% and Royal Bank of Scotland down 3.7%. ICAP bucks the trend, gaining 1.6% after a broker upgrade. Confidence in the markets is unlikely to improve while Greece’s fate hangs on repeat elections (June 17),  trader  says. Continue Reading…

(6374) The DAX confirmed still a negative closing but at least it managed to recover above 6354, the previous day’s low.  The indicators of the daily chart are still well negative as well as those of the 4h one. Only the indicators of the hourly chart turned already above the line supporting a possible correction. Continue Reading…

Major European bourses are initially seen trading moderately higher Thursday, with a small pick-up seen in equity futures contracts as the European cash opening approaches. Some mild overnight profit taking in risk assets has been observed during the Asian traded hours, with Japan’s Nikkei 225 Index ending the session up 0.86% at 8876.59. Continue Reading…

London Stocks End Down But Off Session Lows

FTSE 100 ends down 0.6% at 5405.25, though off its session low of 5354.0. Well-received US economic data help sentiment somewhat, but Greece’s problems still weigh. Will Hedden at IG Markets says financial institutions are preparing for a Greek exit from the euro. Continue Reading…

(6333) The DAX started today session with a sell off toward 6317 opening a small gap down. We should be able to see an extension toward the 6260 area closing therefore the gap up it formed last January, 6294 – 6238!! This decline is still corrective. Continue Reading…

London Stocks End Down After Greek Talks Fail

FTSE 100 closes 0.5% lower at 5437.62, following its European peers into the red after talks among Greek politicians end in failure and fresh elections loom. “This throws another spanner in the euro-zone works and takes Greece one step closer to waving goodbye to the single currency,” warns Angus Campbell at Capital Spreads. Continue Reading…

(6500) The DAX confirmed a weak closing last night but only a daily closing tonight below 6406 will support lower levels. The drop found good support above the support line at 6390. While above this line we expect another test on the upside. Continue Reading…

London Stocks End Down; Lowest Close Of 2012

FTSE 100 ends down 2% at 5465.52, its lowest closing level so far this year, driven by growing concerns that Greece could leave the euro zone. In addition, there are worries about the health of the Spanish banking sector, and JPMorgan is still in focus after its chief investment officer’s resignation following the unexpected trading loss announced last week. Continue Reading…