Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

FTSE 100, DAX and S&P 500 all rally in early trading amid US-China trade truce

A trade truce between the US and China has provided the spark for an equity rally, with the DAX at a one-year high, the FTSE 100 retaking its June high and the S&P 500 back to a record once again.

FTSE 100 clears mid-June peak

Today’s gap higher has seen the FTSE 100’s mid-June gains that stalled around the 7450 level taken out.

Now the index targets 7530, the late April high, and then beyond this, 7556 and 7644 come into view. A drop back to fill the opening gap could find buyers, but any pullback will need to break 7370, key support over the past week, to suggest that a deeper drop is at hand.

DAX leaps above resistance

An opening gap higher has been followed up with further gains, with the DAX briefly touching a one-year high.

If it leapfrogs 12,400 and 12,600, then the next to watch is 12,954. Such a dramatic move higher might reverse in the short term, but a drop towards 12,250 would represent a strong buying opportunity. The index would need to fall below 12,160 to suggest that a bearish view was gaining pre-eminence.

S&P 500 back to record high

A fresh record high for the S&P 500 comes just days before Independence Day.

Those calling for a ‘triple top’ have flagged, somewhat rightly, that the index has failed to clear the 2940-2960 area since September last year. But further gains will lay this bearish thesis to rest. A pullback towards 2940 could find fresh buyers, while the bearish view requires a move back below 2900.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material 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 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. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.