Levels to watch: FTSE 100, DAX and Dow
Reports of progress in trade talks have provided a catalyst for further upside in indices.
FTSE 100 looks to build on Thursday’s gains
After a very strong day yesterday the FTSE 100 has pushed higher, with the recovery now firmly in place unless a close below 7150 is seen.
Further upside targets 7370, and then on to 7470. Support in any pullback may be seen around 7220
Heavy going for DAX as rally continues
The DAX has moved higher, although it has been a fairly choppy move thus far, from 11,704 to 11,824.
A move below 11,400 would likely break the sequence of higher lows seen over the past few days.
Dow looks to retest the highs of the week
After stumbling mid-week, the Dow Jones has recovered, to the point where it has reached the 25,800 area that held back progress on Tuesday.
Above 25,800 the price heads towards 26,000, and then on to 26,160.
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.
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 30
- The only provider to offer 24-hour pricing
Live prices on most popular markets