Thursday was not a good day for Eurozone stocks. After Wednesday’s FOMC statement EURUSD started to strengthen and it gained 300 pips in 24 hours. German DAX -0.91%, French CAC40 -0.45%. 22 out of 30 DAX companies lost some value, the most Lufthansa -4.55%. On the other side 8 companies appreciated, and the leader of gains was HeidelbergCement +2.56%.
Situation looks much better outside Eurozone. English FTSE100 +0.41%, Russian RTS +4.53%, Polish WIG20 +2.02%. We can see that investors are willing to risk again. S%P500 had really great session, after breaking 2,000 pts level index tested 2,046 pts.
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A lot of news during Friday’s session. In the beginning investors must deal with BOJ statement. Then we will know German PPI and in the afternoon US University of Michigan Index.
The news of the day will be the end of March futures series. Any unexpected moves during the session we can blame to that, so there is no way to predict the end of week.
Supports for Friday: 9,850 pts, 9,770 pts. Resistances: 9,910 pts, 10,000 pts.
