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.
Established in 1974
Over 185,000 clients worldwide
15,000 markets worldwide

Levels to watch: FTSE 100, DAX and S&P 500

Apple’s results have steadied the ship, and renewed bullish momentum is being seen across European markets. 

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 hits new multi-week highs

There seems little stopping the FTSE 100 at present, as it pushes through to levels last seen at the beginning of February.

This sign of further strength continues to indicate that the bulls remain in charge, and a move below 7360 is needed to create the impression that the index has run out of upward momentum. Any dip that holds above 7360 remains another potential buying opportunity.

DAX keeps on climbing

The DAX has displayed fresh bullish momentum, but it needs to close above 12,670 to sustain this impression.

From here, 12,742 and then 12,954 come into play. Above this, 13,542 and then 13,601 and the all-time high are in view. A bearish turn requires a close below 12,300.

S&P 500 finds support

The S&P 500’s weakness yesterday held above the 200-day simple moving average (SMA) once more, and also above the lows of last week, at 2612.

We still have to see the index challenge the 2682 and 2718 highs, but if the latter can be breached then the index will have also broken the downtrend line off the January highs. Given that dips, such as yesterday's, continue to find buyers, it looks as if the overall upward trend will resume in due course. 

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.