FTSE 100, DAX and S&P 500 all on the march higher

Indices are liking to move higher, building on gains made earlier in the week.

FTSE 100 plays catch-up

The FTSE 100 has finally powered higher, moving above 7300 once more. It now targets 7375-7400, the area that marked the highs in September.

Beyond this, 7480 and then on to 7560 are the next targets. Pullbacks towards 7200 may form buying opportunities, while a move back below 7200 begins to suggest that the market will once again retest 7100.

DAX hits new 2019 high

The DAX has recorded a new high for the year, while also hitting its highest level since June 2018.

A retracement towards 12,400 might provide a period of consolidation, although at present there seems little sign of the uptrend changing course, with the dip on Wednesday simply providing a buying opportunity.

S&P 500 trying to clear 3000 hurdle

A firm push through 3000 is still lacking for the S&P 500, with gains being relatively limited over the past week.

Admittedly, there hasn’t been much downside either, with dips towards 2980 finding buyers. A break above 3010 or below 2980 provides clearer direction.

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

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

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.