NASDAQ 100 and S&P 500 steady, but Nikkei 225 remains under pressure
While US indices continue to hold up, the losses have continued for the Nikkei 225.
NASDAQ 100 consolidates below highs
Consolidation continues here, as the NASDAQ 100 index holds above the previous high.
For the moment the buyers have been unable to re-establish upward momentum, but the overall bullish view remains in place. A close back below 20,760 might point towards a period of short-term weakness.
Nikkei 225 drifts below 39,000
The Nikkei 225 rally from late October has run into some selling, marking a retreat from 40,000, though the rally from the August low continues.
Continued losses would head towards the late October low around 37,340. A recovery back above 39,000 might signal that a new test of 40,000 could be on the cards.
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.
Take a position on indices
Deal on the world’s major stock indices today.
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only