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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70% 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.

​Mixed picture for FTSE 100, DAX 40 and S&P 500 amid easing tariff concerns​

​​​Mixed picture for FTSE 100, DAX 40 and S&P 500 amid easing tariff concerns​ ahead of US/China talks.​

DAX 40 Source: Adobe images

​​​FTSE 100 in recovery mode

​The FTSE 100 is heading back up again amid hopes for a resolution regarding US tariffs.

Resistance above the 24 January high at 8,587 lies at Friday's gap low at 8,629.5.

A fall through Monday's 8,509 low would put the May 2024 peak at 8,479 on the cards.

FTSE 100 chart Source: IT-Finance.com
FTSE 100 chart Source: IT-Finance.com

​DAX 40 under pressure

​The German DAX 40 index is range trading above Monday's 21,092 low but below its remaining 21,562-to-21,596 gap.

​Key support remains to be seen at the 21,080 late January low, a fall through and daily chart close below which could lead to a medium-term top being formed. In this case the first downside target would be the mid-December high at 20,526.

​Minor resistance sits at Tuesday's and the 24 January highs at 21,521-to-21,529 ahead of Friday's 21,596 low.

DAX 40 chart Source: IT-Finance.com
DAX 40 chart Source: IT-Finance.com

​S&P 500 short-term side-lined

​The S&P 500 once more managed to close its gap with its previous Friday low, just like the week before, but now sideways trades below its Monday-to-Tuesday highs at 6,042 whilst so far remaining above its 55-day simple moving average (SMA) at 5,992.

​Below it Tuesday's low at 5,962 may offer minor support. If not, the late January low and Monday's trough at 5,916-to-5,912 would be back in focus. Failure there may push the mid-November-to-January main support zone at 8,832-to-5,772 to the fore.

​A rise above the recent 6,042 high may put the 6,099 December peak back on the map.​​

S&P 500 chart Source: IT-Finance.com
S&P 500 chart Source: IT-Finance.com

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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