FTSE 100, DAX 40 on track for new record highs as S&P 500 heads towards 6,100
FTSE 100, DAX 40 on track for new record highs as S&P 500 heads towards 6,100 on bullish post US presidential inauguration sentiment.
FTSE 100 trades close to record high
The FTSE 100's strong rally has taken it to a record high at 8,575 on Wednesday morning before giving back some of its overnight gains.
Above 8,575 lies the 8,600 region while minor support sits at Friday's 8,534 high and at Monday and Tuesday's lows at 8,484-to-8,483. Further down lies the May peak at 8,479 is expected to offer support ahead of the major 8,419-to-8,372 support area, made up of the July-to-December highs.
DAX 40 on track for sixth straight day of gains
The German DAX 40 index is on track to hit its sixth straight all-time high on Wednesday morning with the 21,200 region being next in line ahead of the 21,500 mark.
Minor support below Monday's 21,054 high sits between Friday's high and Tuesday's low at 20,926-to-20,863. Further down sits the 16 January 20,705 high and Thursday's 20,576 low ahead of the 20,527 December peak.
S&P 500 is gunning for record high above 6,100 mark
The S&P 500 is trading in one-month highs and is gunning for its near 6,100 December record high, its 57th in 2024. The index is also on track for its fourth consecutive day of gains.
Above the 6,100 mark lies the 6,200 level as a potential upside target.
Immediate support can be spotted at the 26 December high at 6,044 ahead of the early January high at 6,018 and the psychological 6,000 mark.
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