FTSE 100, DAX 40 trade in record highs while S&P 500 loses upside momentum
FTSE 100, DAX 40 trade in record highs while S&P 500 loses upside momentum ahead of US non-farm payrolls.
FTSE 100 consolidates below Thursday’s record high
The FTSE 100 trades close to Thursday's record high, reached thanks to solid earnings from index heavyweights AstraZeneca and GlaxoSmithKline (GSK). This performance is in stark contrast to the UK's now halved 2025 growth outlook accompanied by persistent inflation.
Ahead of US non-farm payrolls the UK blue chip index is unlikely to rally above Thursday's record high at 8,770 but were it to do so, the 8,800 mark would be in focus.
Slips may find support around the late January peak at 8,693 and Thursday's 8,661 low.
DAX 40 hits yet another all-time high
The German DAX 40 index has hit another record high close to the psychological 22,000 mark which may soon be hit.
Support is seen around the late January 21,802 high and then at Wednesday's high and Thursday's low at 21,663-to-21,638.
S&P 500 loses upside momentum ahead of US employment report
The S&P 500 is losing upside momentum ahead of US non-farm payrolls.
Nonetheless the index may see its fourth straight day of gains on Friday in which case the 6,099 December peak would be next in line, followed by last week's high at 6,118 and then the January all-time high at 6,122.
Minor support can be found between Thursday's 6,045 low and Monday and Tuesday's 6,042 highs. Further down meanders the 55-day simple moving average (SMA) at 5,999 which may also offer support.
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