Nasdaq 100 rally slows and FTSE 100 struggles
Bullish momentum has waned across global indices, as investors remain nervous about the economic outlook.
Nasdaq 100
The Nasdaq 100 index reached a new three-week high yesterday as the recovery from the March lows continues. We have seen higher lows over the past two weeks, most notably at 19,400, while Sunday’s gap remains unfilled. For the moment, the buyers are in charge, but sentiment remains fragile ahead of next week’s likely tariff announcements.
FTSE 100
Consolidation continues here after the FTSE 100 bounce from the March low at 8465. An attempt to push higher yesterday stumbled at 8700, with no gains overnight. The past week has seen buying above 8600, so a close below this is needed to suggest that a new leg lower has begun.
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