FTSE 100, DAX 40 and S&P 500 rise ahead of Meta, Microsoft and Tesla earnings
FTSE 100, DAX 40 and S&P 500 rise ahead of the Fed’s policy decision as well as Meta, Microsoft and Tesla earnings.
FTSE 100 remains bid
The FTSE 100 continues to regain recently lost ground and tries to reach last week's 8,587 record high, having bounced off its key 8,419-to-8,372 support zone.
Minor resistance is now seen around Tuesday's 8,572 high.
DAX 40 on track to hit new record high
The German DAX 40 index is on track to hit a new record high and rise towards the 21,600 zone ahead of the Fed's rate decision and US mega cap earnings later on Wednesday.
Potential slips may find support around Monday's 21,422 high, Friday's 21,349 low and along the January uptrend line at 21,290.
S&P 500 tries to close gap with Friday’s low
The S&P 500 is in the process of closing its gap with Friday's low at 6,088.5 ahead of this evening's US Federal Reserve (Fed) rate decision and upcoming earnings from Meta, Microsoft, and Tesla.
Above the gap resistance can be spotted at the 6,099 December peak and at last week's record high at 6,122.
The medium-term uptrend will stay intact as long as Monday's low at 5,916 underpins. Above it minor support can be found at Monday's 6,043 high and along the 55-day simple moving average (SMA) at 5,984.
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
