Eurostoxx Futures Trade Close to Recent Highs

Earnings highlights due Thursday: American Express, AT&T, Union Pacific, Philip Morris International

See full earning calendar here: https://roar-assets-auto.rbl.ms/files/52491/MNIUSE...

Eurostoxx 50 futures are consolidating at recent highs and the uptrend remains intact. Recent gains have reinforced the bullish significance of the break of 4268.00, the Mar 6 high and a former key resistance. The breach confirmed a resumption of the trend and maintains the bullish price sequence of higher highs and higher lows. Sights are on 4381.50, the Jan 5 2022 high. Initial firm support lies at 4250.00, the 20-day EMA. The trend outlook in S&P E-minis remains bullish and the contract continues to trade closer to its recent highs. Attention is on the 4200.00 handle where a break would open 4205.50, the Feb 16 high ahead of 4244.00, the Feb 2 high and a key medium-term resistance. Firm support lies at 4077,86 the 50-day EMA. Initial support to watch lies at 4119.30, the 20-day EMA. Pullbacks would be considered corrective.

• Japan's NIKKEI closed higher by 50.81 pts or +0.18% at 28657.57 and the TOPIX ended 0.65 pts lower or -0.03% at 2039.73.
• Elsewhere, in China the SHANGHAI closed lower by 3.097 pts or -0.09% at 3367.031 and the HANG SENG ended 29.21 pts higher or +0.14% at 20429.93.
• Across Europe, Germany's DAX trades lower by 119.57 pts or -0.75% at 15833.2, FTSE 100 lower by 10.57 pts or -0.13% at 7892.28, CAC 40 down 27.29 pts or -0.36% at 7538.14 and Euro Stoxx 50 down 15.21 pts or -0.35% at 4389.85.
• Dow Jones mini down 162 pts or -0.48% at 33913, S&P 500 mini down 30.25 pts or -0.72% at 4156.25, NASDAQ mini down 127.25 pts or -0.97% at 13087.75.