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 CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Levels to watch: FTSE 100, DAX and Dow

It has been a tough session for the FTSE 100, which has fallen to two-week lows, while the Dow is still seemingly on course for new all-time highs.

FTSE 100 routed in early trading

A slew of ex-dividends and a sharp drop for Sainsbury’s shares have sent the FTSE 100 plunging in early trading, hitting a two-week low.

This has broken the gentle push higher seen over the past two weeks, and could be the start of a push towards 7360 or 7280 and the 50-day simple moving average (SMA). A rebound would target resistance around 7460.

DAX drops back but remains bullish

The DAX is only slightly lower, having edged back from yesterday’s fresh high for the year and the successful push above trendline resistance.

Further declines head towards 12,200, and then down to 12,000 and 11,800. A rebound above 12,350 would then target 12,410 and then 12,600.

Dow still targeting new records

The next targets in any push higher are 26,782 and 26,951, with the latter being the record high from last year. The Dow has fallen below rising trendline support from the 27 March lows, which may signal further bearish moves.

A drop below 26,469 would mark further losses towards 26,300.

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.

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

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. 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.

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 CFDs.

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