Indices bolstered by trade talks
Indices have begun the year on the front foot, as investors look towards fresh progress in US-China talks.
FTSE rallies as 2020 gets underway
The FTSE 100 has opened the year with a gain, continuing to rally off the 31 December low.
Above 7700 the index heads towards 7730, the late July high, and then on to 7905 and the record high of May 2018. A deeper retracement heads towards 7440 and then down to rising trendline support from the December 2018 low.
S&P 500 eyes up fresh record for the new year
Last year (2019) was a year of steady gains for the S&P 500, and 2020 begins with small gains thanks to more trade talk news.
The index targets the 3251 record high from late December, while dips towards the 50-day simple moving average (SMA) at 3128 and then rising trendline support from the December 2018 low may find buyers.
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.
- Trade the lowest Wall Street spreads on the market
- 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
