FTSE 100, DAX 40 hit new record highs while S&P 500 closes price gap
FTSE 100, DAX 40 hit new record highs while S&P 500 closes price gap ahead of US PCE data release.
FTSE 100 trades in all-time highs
The FTSE 100 rallies to new all-time high as investors continue to pile into the undervalued UK blue chip index.
The next upside target is the 8,700 mark ahead of the major psychological 9,000 mark.
Support, because of inverse polarity, now sits at the 22 January 8,587 previous record high which followed a bounce off its key 8,419-to-8,372 support zone.
DAX 40 on track for its third straight day of record highs
The German DAX 40 index is on track for its third straight day of gains and another record high as it approaches the minor psychologic al 22,000 mark. First, though, the 21,800 level would need to be exceeded.
Support below Thursday's 21,628 low is found at the 24 January previous record high at 21,529 and along the January uptrend line at 21,500.
S&P 500 about to close last week’s gap
The S&P 500 is still in the process of closing its gap with last Friday's low at 6,088.5 ahead of the Fed's preferred PCE inflation gauge.
Above the gap resistance can be seen at the 6,099 December peak and at last week's record high at 6,122.
The medium-term uptrend will remain intact while Monday's low at 5,916 holds. Above it minor support can be found at Monday's 6,043 high and along the 55-day simple moving average (SMA) at 5,988.
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
