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FTSE 100 underperforms as DAX comes off the boil
The earlier upside move in the DAX, to a high at 18,647 led all the major European stock markets higher. The gains in the DAX helped to propel the CAC 40 and the FTSE 100 higher. The DAX is now tracking back towards 18,500. The CAC reached a high at 7,661. It is now trading back below 7,600 and the FTSE 100 topped out at 8,228 and it is now tracking back towards 8,150. That makes the FTSE 100 the worst performer amongst the three right now and the failure to hold the gain above 8,200 continues once again to increase the risk of a relapse below, what is now important support at 8,105. Many updates here over the past couple of weeks have highlighted this level. Whilst it has not been broken, as you can see, the level remains firmly on the radar again this week. The FTSE 100 is currently trading at 8,157
Market News
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
