Global Indices Surge as FTSE 100 and DAX 40 Reach New Highs

IG

The FTSE 100 is currently on an upward trend and is approaching a six-week high of 8,389. It has established support at 8,290. If it surpasses the peak it reached in December, the index may aim for the October high of 8,397. There are also significant levels at 8,404 to 8,419, and the index may potentially reach the 8,500 mark.

The DAX 40 has achieved a new record high of 20,476 and is close to reaching the psychological threshold of 20,500. It is expected to trade within a range, with minor support at 20,264 and 20,197. More substantial support can be found around the 20,000 mark and the October peak of 19,683.

The S&P 500 has been performing well and reached 6,099 on Friday. It is expected to continue trading within a range around the 6,100 level. Resistance is noted at 6,122, while support is established at the November peak of 6,026.

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