Indices Down On Technology Sell-Off
April 7, 2014 12:25 pmVideo
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April 7, 2014 – Indices News
Asian stock finished in red numbers and started the week negatively after Friday’s Non-farm payrolls. Japanese Nikkei 2245 dropped by 1.69% mainly due to plunge in Telecommunication field which slid by -3.92%. We should not forget that this week will start first quarter corporate earnings season.
European stock has been dropping today. DAX decreased by 1.18% after reaching the same price as on February 25th mean erasing its previous drop. We should now pay attention to $9717.50 level as a resistance. The biggest losers of today are based in technology sector – Nokia, Alcatel-Lucent and Bouygues – and chemical sector – Bayer and K+S.
American session have not started yet but according the Future of NASDAQ 100 the sentiment will be also bearish. Google on pre-market losing about 0.60% and Facebook 0.75%.
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