DAX 40 and FTSE 100 edge higher amid European inflows as Nasdaq 100 stalls
The DAX 40 hits its third consecutive record high, the FTSE 100 nears an all-time high, while the Nasdaq 100 stalls amid European equities inflows.
FTSE 100 surges close to record high
The FTSE 100's strong January rally has brought it within a whisker of its 8479 May 2024 record high, a rise above which would target the psychological 9000 mark.
The previous key resistance zone, now a support zone due to inverse polarity, stands at the 8419 - 8372 July to December highs.
FTSE 100 daily chart
DAX 40 hits third 2025 record high
The German DAX 40 index broke through its December to January resistance line, reaching a new all-time high at 20,705. This performance is likely to be followed by further record highs, with the 20,800 region being eyed ahead of the minor psychological 21,000 mark.
Minor support is observed around Thursday's 20,576 low, with additional support near the 20,527 December peak.
DAX 40 daily chart
Nasdaq 100 upside momentum loses steam
The Nasdaq 100's advance faltered marginally below its December to January downtrend line at 21,405 on Thursday. The 55-day simple moving average (SMA) at 21,095 offers initial support.
While the key 20,769 - 20,533 support zone, comprising the December to January lows, underpins the index, the medium-term uptrend remains bullish.
A rise above Thursday's high and a break through the downtrend line would target the early January high at 21,704 and the 21,857 late December peak, with the December all-time high at 22,132 also in sight.
Nasdaq 100 daily chart
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