The information 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 Bank S.A. 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 and as such is considered to be a marketing communication.
FTSE 100 surges past 7500
Fresh gains yesterday took FTSE 100 above 7500, with the push higher coming this morning. The downtrend from the June highs has now been broken with the 7533, the 7553 and then the all-time high at 7600 are left as upside targets.
A pullback towards 7450 would be a buying opportunity, and even a severe retracement to 7400 does not necessarily diminish the bullish outlook.