Levels to watch: FTSE 100, DAX and S&P 500

The final week before Christmas has started and, unsurprisingly, there are healthy gains across the board.

FTSE 100 eyes the record high

Friday saw the FTSE 100 recover from its Thursday weakness, as the usual seasonal rally kicks in.

Above 7500 the price targets 7533, then 7553 and 7600. Given the usual strength of the second half of December, there is now the potential for a new all-time high here before year-end.

DAX looks to put the range behind it

DAX turned higher on Friday and is now testing the high from 8 December at 13,242.

A close above here would signal a definite end to the range-bound trading of the past month or more, and would leave the index with an upside target at 13,533. 

S&P 500 just keeps on rallying

A gap higher for S&P 500 this morning will come as no surprise to those expecting a pre-Christmas rally.

Dips should continue to be bought, with the 2671 and 2658 areas potentially points where buyers will step in. 

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