FTSE 100, DAX and S&P 500 keep climbing
It has been a good week for indices, with the US in particular continuing its dizzying ascent.
FTSE 100 hits new four-month high
The FTSE 100 has eked out some more gains this week, maintaining the upward bias seen since the beginning of the month.
Compared to last week, of course, the rise has been small fry, but the price has continued to hold above the 50-hour simple moving average (SMA) at 7555, with 7600 and 7644 the next targets to watch on the upside. A drop below 7500 signals some near-term weakness, with 7440 the next possible area of support.
DAX rebounds from 13,150
The DAX has spent most of the week easing back from the 18-month high seen on Monday, but yesterday saw a small bounce from 13,150 that might signal a near-term low has been created.
Gains above the 50-hour SMA (13,219) have proven impossible to sustain, so a move through this would be a good first step to target 13,450 once more.
S&P 500 climbs above 3200 for the first time
It was yet another record high for the S&P 500 yesterday, which has recovered in impressive fashion from the early December weakness, and seems unaffected by the impeachment proceedings in Washington.
A dip to 3190 earlier in the week found support, and so far there is no sign of any lower highs or lower lows that might indicate that a change in trend is at hand.
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.
