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 and DAX looking to build on recent gains, while S&P 500 resumes its upward move

European indices are looking to capitalise on two days of gains.

FTSE 100 stalls in early trading

An attempt to rally above previous trendline support was knocked back yesterday, but the FTSE 100 continues to push higher from the lows of last Friday.

The first areas of possible support are 7555 and then 7530, having formed higher lows since Friday. Upside targets lie at 7590, and then on to 7620, with the latter requiring a move back above previous trendline support.

DAX finds early bullish momentum

A modest recovery continues here, with the DAX having recorded a fresh higher high as it pushes up from Friday’s lows.

A move above 12,450, around yesterday’s peak, would signal more bullish strength, with a push through 12,480 helping to reinforce the more bullish view. Further gains head towards 12,600 and 12,660 - the early-July peak.

S&P 500 still on the up

The steady grind higher goes on for the S&P 500, as a pullback towards 3000 finds support.

Further gains head to 3020, while a break below short-term trendline support would open the way to 2970 and then 2960.


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.