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

UK and US markets continue to leave their European cousins far behind.

FTSE 100 climbs to a new high

The grind higher continues for FTSE 100, with no sign that the sellers can assert control for any meaningful length of time.

The potential areas of short-term support are marked at 7732 and then 7705.

DAX flounders as euro strengthens

Euro strength continues to hobble European markets including DAX; a worrying holdover from 2017.

However, the price continues to defend 13,211, so if this keeps holding the chances of a return to 13,400, and then towards 13,600, increase. Further support is possible around 13,150, and then 13,095. 

S&P 500 surges to new records

Dip buyers of S&P 500 this week, who took the oversold stochastics as a buying opportunity, have done well.

The rally shows no sign of stopping, despite a plethora of signs indicating overextended conditions. Possible support is standing by at 2759, 2737 and then 2729.

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