DAX 40 hits third straight record high, FTSE 100 nears all-time high while Nasdaq 100 stalls
DAX 40 hits third straight record high, FTSE 100 nears all-time high while Nasdaq 100 stalls amid European equities inflows.
FTSE 100 surges close to record high
The FTSE 100's strong January rally has taken it to within a whisker of its 8,479 May 2024 record high, a rise above which would engage the psychological 9,000 mark.
The previous key resistance zone, now because of inverse polarity a support zone, comes in at the 8,419-to-8,372 July-to-December highs.
DAX 40 hits third 2025 record high
The German DAX 40 index's break through its December-to-January resistance line and subsequent rise to a new all-time high at 20,705 is likely to be followed by new record highs with the 20,800 region being eyed ahead of the minor psychological 21,000 mark.
Minor support is seen around Thursday's 20,576 low and further support around the 20,527 December peak.
Nasdaq 100 upside momentum loses steam
The Nasdaq 100's advance faltered marginally below its December-to-January downtrend line at 21,405 on Thursday with the 55-day simple moving average (SMA) at 21,095 offering initial support.
While the key 20,769-to-20,533 support zone, made up of the December-to-January lows, underpins, the medium-term uptrend will remain bullish.
A rise above Thursday's high and break through the downtrend line would have the early January high at 21,704 and also the 21,857 late December peak in sight, ahead of the December all-time high at 22,132.
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