Global Equities Outlook by PINC Research
The S&P 500 slipped after breaking the support of 1300. Its short term trend is clearly down and the next strong support to watch is 1175.
Bovespa continued its south bound move. Its outlook remains weak in the coming week. Further declines till 52500 cannot be ruled out.
SSE has nearly achieved our downside target of 2600. Its short term outlook continues to remain weak. A positive development will only emerge above 2700.
Hang Seng plumetted after breaching the support of 22600. After this sharp fall, there is a good chance that the index could remain weak to subdued for a while.
Nikkei slipped considerably in line with other markets. 9300 is an important support below which it can see further declines.
FTSE also slipped considerably in line with other developed markets. Continuing to remain below 5400 can cause further decline till 5200.
MSCI EMI also had a breakdown below 1100. Its short term trend is clearly down. Strong support should emerge around the zone of 1025-1050.