FTSE 100, DAX 40 falter as S&P 500 remains close to record high
FTSE 100, DAX 40 falter amid US tariff threats as S&P 500 remains close to record high.
FTSE 100 remains under pressure
The FTSE 100 comes further off last week's 8,836 record high and trades in three-week lows amid US tariff concerns.
A slip through Wednesday's 8,676 low may put the 24 January high at 8,587 on the cards.
Friday and Monday's lows at 8,702-to-8,705 currently act as resistance. If they and Thursday's 8,708 intraday high were to be bettered, the 13 February low at 8,730 may be revisited.
DAX 40 hovers above 400-point drop low
The DAX 40 index took a 400-point hit on Wednesday following US President Trump's threat of a 25% tariff on all US automobiles, semiconductors, pharmaceuticals and lumber imports concerned investors.
As long as the index remains above Wednesday's 22,368 low, a bounce towards the mid-February high at 22,628 may be at hand.
Failure at 22,368 may lead to a more substantial sell-off to the January-to-February uptrend line at 22,020.
S&P 500 remains close to record high
The S&P 500 remains close to its all-time high made on Wednesday at 6,147. If overcome, the 6,200 region would be next in line.
Minor support below the 6,118 late January high is seen between the 7 February high at 6,100 and the 18 February low at 6,099.
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
