FTSE 100, DAX 40 falter as S&P 500 remains close to record high
FTSE 100, DAX 40 falter amid US tariff threats as S&P 500 remains close to record high.
FTSE 100 remains under pressure
The FTSE 100 comes further off last week's 8836 record high and trades in three-week lows amid US tariff concerns.
A slip through Wednesday's 8676 low may put the 24 January high at 8587 on the cards.
Friday and Monday's lows at 8702 to 8705 currently act as resistance. If they and Thursday's 8708 intraday high were to be bettered, the 13 February low at 8730 may be revisited.
FTSE 100 daily chart
DAX 40 hovers above 400-point drop low
The DAX 40 index took a 400-point hit on Wednesday following US President Trump's threat of a 25% tariff on all US automobiles, semiconductors, pharmaceuticals and lumber imports concerned investors.
As long as the index remains above Wednesday's 22,368 low, a bounce towards the mid-February high at 22,628 may be at hand.
Failure at 22,368 may lead to a more substantial sell-off to the January to February uptrend line at 22,020.
DAX 40 daily chart
S&P 500 remains close to record high
The S&P 500 remains close to its all-time high made on Wednesday at 6147. If overcome, the 6200 region would be next in line.
Minor support below the 6118 late January high is seen between the 7 February high at 6100 and the 18 February low at 6099.
S&P 500 daily chart
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
