FTSE 100, DAX 40 falter as S&P 500 remains close to record high
FTSE 100, DAX 40 falter amid US tariff threats as S&P 500 remains close to record high.
FTSE 100 remains under pressure
The FTSE 100 comes further off last week's 8836 record high and trades in three-week lows amid US tariff concerns.
A slip through Wednesday's 8676 low may put the 24 January high at 8587 on the cards.
Friday and Monday's lows at 8702 to 8705 currently act as resistance. If they and Thursday's 8708 intraday high were to be bettered, the 13 February low at 8730 may be revisited.
FTSE 100 daily chart
DAX 40 hovers above 400-point drop low
The DAX 40 index took a 400-point hit on Wednesday following US President Trump's threat of a 25% tariff on all US automobiles, semiconductors, pharmaceuticals and lumber imports concerned investors.
As long as the index remains above Wednesday's 22,368 low, a bounce towards the mid-February high at 22,628 may be at hand.
Failure at 22,368 may lead to a more substantial sell-off to the January to February uptrend line at 22,020.
DAX 40 daily chart
S&P 500 remains close to record high
The S&P 500 remains close to its all-time high made on Wednesday at 6147. If overcome, the 6200 region would be next in line.
Minor support below the 6118 late January high is seen between the 7 February high at 6100 and the 18 February low at 6099.
S&P 500 daily chart
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