FTSE 100, DAX and S&P 500 all lifted by tariff news
Stocks are on the up again as relations between the US and China continue to thaw and hopes of a trade deal rise.
FTSE 100 aims for break of September high
The FTSE 100’s focus level is 7440, the high from the end of September. A breakout above here would be a strong bullish development.
However, having rallied 180 points since last Thursday, the index may soon be subject to a brief pullback. Rising trendline support comes into play around 7310, while above 7470 the price heads towards 7556.
DAX targeting new 2019 high
Having breezed through the 13,209 highs from May/June 2018, the DAX now targets 13,600 over the longer term.
The move higher has been almost vertical since the beginning of October, with only brief pullbacks. Rising trendline comes into play around 13,100 and then at 13,070.
S&P 500 pushes higher to new record
The S&P 500’s short-term trendline support comes in around 3070, and then a further decline would bring 3020 into view.
So far, the uptrend continues to hold, although a short-term pullback would likely set up the index for a strong end to the year.
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.
