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 8,800 mark ahead of today's US consumer price index (CPI) inflation data release.
A rise above the 8,800 level would open the way for the 9,000 mark to be in sight.
Potential slips may find minor support between Thursday's 8,770 high and Tuesday's 8,751 low. Further minor support can be seen at Friday's 8,733 high.
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.
S&P 500 traders await CPI inflation print
The S&P 500 range trades below last week's 6,100 high while awaiting today's inflation data.
A rise above the 6,100 high seen last Friday would put the late January highs at 6,118-to-6,122 on the map.
Were Tuesday's low at 6,036 to give way, though, last Friday's low at 6,019 would be targeted together with the 55-day SMA at 6,004 and the psychological 6,000 mark.
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