FTSE 100, DAX 40 close to record highs while S&P 500 consolidates ahead of US CPI
FTSE 100, DAX 40 remain close to their recent record highs while the S&P 500 consolidates ahead of US CPI inflation data
FTSE 100 close to yet another record high
The FTSE 100 remains close to its latest record high, whilst aiming for the 8800 mark ahead of today's US consumer price index (CPI) inflation data release.
A rise above the 8800 level would open the way for the 9000 mark to be in sight.
Potential slips may find minor support between Thursday's 8770 high and Tuesday's 8751 low. Further minor support can be seen at Friday's 8733 high.
The FTSE 100 daily chart
DAX 40 on track for yet another all-time high
The DAX 40 index hit yet another record high on Tuesday and looks to be on track to make another one on Wednesday with the 22,500 region being eyed. Further rotation out of US mega-cap stocks into relatively cheaper German stocks boosts the DAX 40.
Good support can now be seen between the 6 to 10 February highs at 21,950 to 21,925 ahead of the 21,802 late January peak.
DAX 40 daily chart
S&P 500 traders await CPI inflation print
The S&P 500 trades in a range below last week's 6100 high while awaiting today's inflation data.
A rise above the 6100 high seen last Friday would put the late January highs at 6118 to 6122 on the map.
Were Tuesday's low at 6036 to give way, though, last Friday's low at 6019 would be targeted together with the 55-day SMA at 6004 and the psychological 6000 mark.
S&P 500 daily chart
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
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
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
