CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Levels to watch: FTSE, DAX and S&P 500

Indices have rebounded strongly overnight, as trade war fears ease.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

FTSE 100 off the lows but still under pressure

The FTSE 100 continues to rally off the lows from last week, although it remains firmly within the current downtrend. Targets are to be found around 7025, 7061 and then 7105.

If the index turns lower, 6919 and then 6841 become possible support. The strong recovery from the lows suggests a short-term bottom has been reached, but a move above 7200 is needed to suggest a broader rally is taking place.

DAX aims for more gains

The DAX has held the long-term trendline from the 2016 lows, but has to move above 12,373 to create a new higher high.

Above 12,051, the index will target 12,477, which marked the peak during March.

S&P 500 sees late-session surge

A sharp rally off the lows has seen the S&P 500 move back above the early March lows.

The next targets are 2728 and then 2789. A turn lower will target 2628 and then 2596.

This information has been prepared by IG, a trading name of IG 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. 

CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.