Dow surges back above 42,000 while DAX edges back from record highs
US indices continue to recover, while the DAX has dropped back from the new record seen this week.
Wall Street
Bulls will take some comfort from the fact that the Wall Street index moved back above 42,000 overnight. This marks the lows of December and January and may mean that we see further gains in the short-term.
Early March saw the price find some temporary buying around 42,500, so a close back above this would help to restore a more bullish outlook, then targeting 44,000 the 3 March high. A reversal back below 41,500 raises the prospect of a move back to the recent lows.
Wall Street daily chart
Germany 40
While the Germany 40 index managed to rebound off its lows yesterday, it has headed lower this morning, raising the prospect of a short-term top.
22,400 and 22,100 could be support in the event of a move lower. Such short-term weakness has been seized upon in recent weeks for further buying. Below these levels the 21,100 level comes into view.
Germany 40 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.
