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DAX 40, CAC 40 and S&P 500 advance further amid risk-on sentiment
DAX 40, CAC 40 and S&P 500 advance further amid risk-on sentiment driven by solid US earnings and hopes of US-China trade talks.
DAX 40 rallies on hopes of US-China trade talks
The German DAX 40 index has now risen above its early April high at 22,662 and the 21 March low at 22,715 with it so far having risen to 22,836. Further up lies the 19 February high at 22,937 which may act as resistance.
Support is seen along the April-to-May uptrend line at 22,535 ahead of Monday's 22,444 high and the 55-day simple moving average (SMA) at 22,245.
DAX 40 daily chart
CAC 40 continues to grind higher
The French CAC 40 index continues to grind higher towards the late March low at 7,751. Above it meanders the 55-day SMA at 7,802.
Below Thursday's low at 7,626 lies Monday's high at 7,616. Together with the 200-day SMA at 7,578 it may acts as potential support.
CAC 40 daily chart
S&P 500 rises further amid solid mega cap earnings
The S&P 500 now trades above its 21 March low at 5,600 and has so far risen to 5,659 on solid earnings before attempting to reach the 2 April high at 5,728 and the 200-day SMA at 5,756.
Minor support below Wednesday's high at 5,624 can be spotted at Thursday's 5,578 low.
S&P 500 daily chart
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