FTSE 100 forms minor top, DAX 40 loses momentum but S&P close to near record high
FTSE 100 forms minor top, DAX 40 loses momentum but S&P close to near record high as President Trump delays an immediate implementation of reciprocal tariffs.
FTSE 100 forms minor top
The FTSE 100 comes off its 8,836 Thursday record high following disappointing figures from British American Tobacco (BAT), Unilever and Barclays.
At least a minor top might now be in the process of forming in the index with the tentative January-to-February uptrend line and late January high at 8,693 being in focus.
Resistance above the 6 February 8,770 high sits at this week's 8,836 all-time high.
DAX 40 remains bid
The DAX 40 index hit yet another record high on Thursday, its fourth in a row, as President Trump delays an immediate implementation of reciprocal tariffs.
Above the current record high at 22,628 lies the 23,000 region.
Potential slips may find support between Wednesday's high and Thursday's low at 22,349-to-22,308.
S&P 500 close to making new record high
The S&P 500 has come very close to hitting a new all-time high above its 6,128 January peak. If overcome, the 6,200 region would be next in line.
Minor support is seen around the 7 February high at 6,100.
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