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Global indices near record highs as traders await US inflation data

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.

barclays strategist advises shorting us stocks and favoring european equities

Alexander Altmann of Barclays advises shorting US stocks temporarily due to high valuations and concentrated gains among a few companies. He recommends investing in European equities, which are experiencing strong performance driven by solid corporate earnings and a more stable political climate, contrasting with the US market's recent struggles.

FTSE 100 and DAX 40 rebound as S&P 500 posts significant gain

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.
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