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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

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

Indices continue to weaken this morning, hit by trade war concerns and a miss in eurozone PMIs. 

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FTSE 100 eases off record high

The steady uptrend of the past few weeks for the FTSE 100 posted a new record high yesterday, with a modest pullback in progress so far this morning.

Dips towards 7750 remain potential buying opportunities, with a break below this level pointing towards a move to 7589.

DAX takes a knock

Weakness in German purchasing managers indexes (PMIs) has prompted a drop here for DAX in the early part of the session, testing the rising trendline from 4 April.

Below 13,010, 12,954 comes into view, while below this 12,742 and 12,663 are areas of possible support. A turn higher targets the 13,200 area and then onwards towards 13,600.

S&P 500 closes Sunday gap

The S&P 500 has closed the gap from Sunday night, and is heading towards the 2700 zone of support that held last week.

Below this, 2682 and 2647 come into play. A turn higher targets 2740 and then 2790. 

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