FTSE 100, DAX 40 trade in record highs while S&P 500 loses upside momentum
FTSE 100, DAX 40 trade in record highs while S&P 500 loses upside momentum ahead of US non-farm payrolls.
FTSE 100 consolidates below Thursday’s record high
The FTSE 100 trades close to Thursday's record high, reached thanks to solid earnings from index heavyweights AstraZeneca and GlaxoSmithKline (GSK). This performance is in stark contrast to the UK's now halved 2025 growth outlook accompanied by persistent inflation.
Ahead of US non-farm payrolls the UK blue chip index is unlikely to rally above Thursday's record high at 8,770 but were it to do so, the 8,800 mark would be in focus.
Slips may find support around the late January peak at 8,693 and Thursday's 8,661 low.
DAX 40 hits yet another all-time high
The German DAX 40 index has hit another record high close to the psychological 22,000 mark which may soon be hit.
Support is seen around the late January 21,802 high and then at Wednesday's high and Thursday's low at 21,663-to-21,638.
S&P 500 loses upside momentum ahead of US employment report
The S&P 500 is losing upside momentum ahead of US non-farm payrolls.
Nonetheless the index may see its fourth straight day of gains on Friday in which case the 6,099 December peak would be next in line, followed by last week's high at 6,118 and then the January all-time high at 6,122.
Minor support can be found between Thursday's 6,045 low and Monday and Tuesday's 6,042 highs. Further down meanders the 55-day simple moving average (SMA) at 5,999 which may also offer support.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research 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.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
