Levels to watch: FTSE 100, DAX and Dow
Stock markets remain in solid uptrends, with US markets now closing in on all-time highs.
FTSE 100 still pushing higher
The grind higher here has slowed but the FTSE 100 has still recorded new highs for the year.
Further gains target 7560 and 7640, while rising trendline support from the 12 March low at 7080 comes into play around 7370.
DAX eyes up trendline resistance
DAX has almost reached trendline resistance from the January 2018 highs, and a breakout above here then targets 12,400.
Pullbacks have been shallow here over the past week, but a drop back towards 11,800 would still likely see fresh buying pressure emerge.
Dow closes in on new highs
Another 1.5% gain will see the Dow Jones move back to the all-time highs of October.
Recent gains have been supported by rising trendline support from the 27 March low, while a rally above 26,400 would open the way to fresh gains.
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
