FTSE 100 and Dow rise but DAX lags behind
While the DAX has struggled following the latest ECB meeting, the FTSE 100 and Dow are both still rising.
FTSE 100 hits new high for the month
The FTSE 100 continues to rise, hitting an eight-session high yesterday. A fresh higher low may provide another entry point, while further gains target 7320 and then 7370.
As noted yesterday, a move back below 7200 would likely indicate that the move lower had resumed.
DAX struggles in wake of ECB meeting
A sharp drop after yesterday’s European Central Bank (ECB) meeting dashed hopes of a fresh push higher, and it looks like the 12,000 area continues to provide resistance for the DAX.
A drop to 11,900 yesterday found support, but if this is broken then 11,800 and 11,700 become the next target to watch on the downside. A clear break above 12,100 would target previous lower highs from May at 12,130, 12,215 and 12,319.
Dow keeps on rising
The rally goes on for the Dow Jones, with no sign of a slowing down yet.
Aside from Wednesday’s drop back to the now-broken trendline, the index has had very little in the way of weakness. Further gains target 25,944 and then 26,700.
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
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
