Levels to watch: FTSE 100, DAX and Dow

Indices have returned to their winning ways, with Europe helped by a drop in the euro. 

DAX
Source: Bloomberg

FTSE 100 holds on near highs

The FTSE 100 continues to hold above the 7705 level, with the all-time high of 7732 still the only resistance level left.

A deeper pullback targets 7600, and then 7550.

DAX targets 13,400

DAX dropped back yesterday, but a weakening euro and dip buyers have allowed it to recover lost ground.

Buyers have entered at the 13,350 area, with a push through the highs of Monday opening the way to 13,533. 

Dow presses ever higher

Yet more record highs have been seen here for Dow Jones, and we should expect this trend to continue.

As with the S&P 500, there has been little in the way of a pullback, and if one does materialise we have plenty of support, including 24,899, 24,545 and 24,038 to start with. 

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.

Find articles by analysts