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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

​​​​Dow and Nasdaq 100 rally continues, and Nikkei 225 moves back to 40,000​

Indices have seen further gains, with risk appetite bolstered by Netflix’s earnings and news of more support for equities in China.

Indices Source: Adobe images

​​​Dow rally continues

​Wednesday saw the Dow Jones index hit its highest level since mid-December.

​The rebound from 42,000 is intact, and a push back to the 45,000 record high looks likely over time. So far sellers have been unable to establish control, with Tuesday’s weakness being rapidly bought.

Dow Jones chart Source: IG
Dow Jones chart Source: IG

​Nasdaq 100 at one-month high

​Results from Netflix gave the Nasdaq 100 index fresh momentum and it is now testing the late December high around 21,800. Beyond this lies the record high at 22,100.

​As with the Dow, buyers pounced on some intraday weakness on Tuesday, leaving the upward move in place.

Nasdaq 100 chart Source: IG
Nasdaq 100 chart Source: IG

​Nikkei 225 recovers 40,000 level

​The risk-on move across global stock markets has helped lift the Nikkei 225 back to 40,000.

​There had been a firm defence of the area around 38,250 last week, and this provided the foundation for a continued move higher. Beyond 40,000 lies the late December peak at 40,419, and from there the next target becomes the July record high at 42,500.

Nikkei 225 chart Source: IG
Nikkei 225 chart Source: IG

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