Nasdaq 100 and FTSE 100 enjoy a strong start to the week
Indices have begun the week on a strong note, rebounding on hopes that the next round of tariffs may not be as wide-ranging as feared.
Nasdaq 100
The Nasdaq 100 index continues to recover from the lows seen earlier in the month. However, it remains below the 200-day moving average, a possibly negative sign. A close back above 20,000 on the daily chart would help to bolster the bullish short-term view. However, sellers will watch for a close back below 19,700 in order to suggest a lower high has been created.
FTSE 100
Early trading has seen the FTSE 100 index make headway after a choppy second half of last week. Buyers defended the 8600 area on Friday, and a follow-through that carries the price back above 8750 would mark a fresh move to the upside that will target the 8900 highs.
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