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global markets steady as investors await key inflation data release

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.

Global indices face pressure as FTSE 100 and DAX 40 decline

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.

global indices approach recent highs amid mixed trading patterns

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.
22:33 02.12.2024
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