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 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.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
Please see important Research Disclaimer.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 30
- The only provider to offer 24-hour pricing
Live prices on most popular markets
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.