CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

FTSE 100, DAX and Dow spike higher on trade breakthrough

FTSE 100, DAX and Dow surge past resistance following breakthrough for conservatives and Trump.

FTSE 100 rising back into 76.4% resistance

The FTSE 100 has seen a volatile session overnight, despite the clarity initially provided by the exit poll.

The FTSE 100 has been in the middle of a tug of war between the positive impact of the US-China breakthrough and the negative effect of a surge in the pound. With the FTSE 100 attempting to push through the 76.4% Fibonacci resistance, it looks likely we will see further upside from here. To the upside, the next major resistance level comes in at the 7446.

DAX breaks into 22-month high

The DAX has surged off news of a US-China breakthrough, with the index hitting a new 22-month high this morning.

That points towards further upside to come, with the bullish wider trend in play over the past four months coming back to the fore after a November pullback. As such, further upside looks likely, with any retracement likely to be temporary unless we see a decline below 13,104.

Dow surges into record highs

The Dow Jones has managed to surge through the 28,201 resistance level last night, with optimism over an apparent US-China breakthrough driving the index sharply higher yesterday.

Those gains are likely to persist if we do not see anything that signals a breakdown in that agreement. With the price currently consolidating around trendline resistance, a push through 28,268 would likely bring about another surge for the index. Only a break below 27,795 would negate this bullish outlook.


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. 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. See full non-independent research disclaimer.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

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.