Global stock indices rise on hopes for Middle East de-escalation

IG

The FTSE 100 has seen a recovery, bouncing back from a recent low of 8,222 after Israel's military actions against Iran's infrastructure. The index is now approaching its 55-day simple moving average at 8,287, but it is still below last week's high of 8,340, suggesting potential short-term downside pressure.

In Germany, the DAX 40 index has shown positive momentum, reaching a high of 19,558 amid hopes for de-escalation in the Middle East. The index is aiming for the high on October 15th of 19,638 and the record high of the year of 19,683, supported by last week's low at 19,301. A drop below this level could result in a test of the highs in August and mid-September between 19,048 and 18,994.

Meanwhile, the NASDAQ 100 has rebounded from a low of 19,928, rising to a recent high of 20,566. The index is on track to challenge the peak in July of 20,760, with immediate support found at the high in mid-October of 20,499 and the peak in September of 20,316. The medium-term uptrend remains intact as long as last week's low is maintained.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings