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The FTSE 100 is testing its uptrend line after a decline from last week's record high of 8836, with potential support at 8693. Meanwhile, the DAX 40 remains near its record high, while the CAC 40 is advancing towards resistance at 8260-8263, with support around 8074. US markets are closed for Presidents' Day, leading to a quieter trading day.
The FTSE 100 is nearing a record high, targeting the 8800 mark ahead of the US CPI inflation data release, with potential for 9000 if surpassed. Meanwhile, the DAX 40 has reached another record high and is eyeing the 22,500 region, supported by a shift from US mega-cap stocks. The S&P 500 remains in a range below last week's high, awaiting inflation data, with key levels at 6100 and 6000 to watch.
The FTSE 100 is trading near a record high of 8534, with support expected at the May peak of 8479 and a major support area between 8419 and 8372. The DAX 40 is hovering around the 21,000 mark, with minor support levels identified at recent lows and the December peak of 20,527. Meanwhile, the CAC 40 is approaching its July peak of 7742, facing potential resistance from the September high of 7813, while support may be found at the August peak of 7694 and the 200-day SMA at 7592.
The FTSE 100 is trading around its 200-day SMA at 8,224 following a softer-than-expected UK inflation print, with support levels at 8,200 and 8,186. The DAX 40 shows slight gains ahead of US inflation data, while the Nasdaq 100 tests its support zone between 20,769 and 20,533, with potential downside if it falls below this range.
The FTSE 100 and DAX 40 indices have rebounded following a significant gain in the S&P 500, which experienced its largest increase since early November. The FTSE 100 found support at its November low of 7995, rising towards 8100, while the DAX 40 recovered from a three-week low of 19,635. Despite the S&P 500's rally, it remains below key resistance levels, with ongoing inflation concerns impacting market sentiment.
The FTSE 100, DAX 40, and Nasdaq 100 are experiencing downward pressure following a hawkish interest rate cut by the Federal Reserve. The FTSE 100 is approaching the psychological 8000 mark, while the DAX 40 is on track for its sixth consecutive day of losses. The Nasdaq 100 has retreated from its record high, with potential resistance now at 21,210.
The FTSE 100 remains in a sideways trend, trading below its November high of 8319 but above the 55-day SMA at 8231, with resistance expected between 8326 and 8372. The DAX 40 is close to its all-time high, having reached 19,681, just below the October record of 19,683, with potential support around 19,566 to 19,547. Meanwhile, the Nasdaq 100 is experiencing low volatility post-Thanksgiving, with resistance at 21,003 and support around 20,744 to 20,753, while the uptrend line at 20,655 may provide further support if needed.
The FTSE 100 trades sideways below this week's high of 8,319, supported by the 55-day SMA at 8,231, with resistance seen between 8,326 and 8,372. The DAX 40 attempts to break its downtrend at 19,438, aiming for highs of 19,546 to 19,566, while support lies at 19,226 and 19,144. The CAC 40 hovers above critical support at 7,091, with minor support between 7,158 and 7,131, and a rise above 7,207 could target the downtrend line at 7,262.
HSBC FTSE 100 Index S Inc
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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