Important Stock: Nikkei 225 Surges, FTSE 100 and DAX 40 Stable

Stay informed on global markets: Nikkei 225 surges ahead, FTSE 100, and DAX 40 stable—latest updates and analysis.

The FTSE 100 and DAX 40 are holding steady in the dynamic landscape of global financial markets, while the Nikkei 225 is experiencing a remarkable surge.

FTSE 100 Attempts Recovery Amid Economic Data

The FTSE 100, grappling with last week’s slide to the 200-day simple moving average at 7,573 due to a higher-than-expected US CPI inflation reading, is striving to recover. Despite the quiet trading environment, with the US closed for Martin Luther King Jr. Day, the index faces resistance at Friday’s 7,657 high. A breakthrough could propel it to last Thursday’s 7,694 high. Until surpassing the 7,694 level, the market faces sustained downside pressure. The resistance between the September and December highs at 7,747 to 7,769 awaits beyond. A breach of Thursday’s 7,573 low could bring the 55-day simple moving average and October-to-January uptrend line at 7,554 to 7,551 into play.

FTSE 100 Bearish Sentiment

Despite recovery attempts, 58% of clients are net long. Daily statistics show a 20% increase in longs, a 3% decrease in shorts, and a 10% rise in open interest. Weekly figures depict a 31% increase in longs, a 24% reduction in shorts, and a 1% change in open interest.

Important Stock: Nikkei 225 Surges, FTSE 100 and DAX 40 Stable

DAX 40 Remains Bullish

The DAX 40 index retains its bullish stance, with German wholesale prices registering a weaker-than-expected -0.6% in December. Market participants eagerly await German full-year GDP growth numbers and Eurozone industrial production data. During the closure of the US market, the index’s ability to stay above Friday’s 16,607 low positively depends on the initial rise above the 16,753 Harami high observed on Friday. Below this lies the January support line at 16,556 and last week’s 16,535 low. A surge above Monday’s intraday high at 16,792 could engage the previous week’s high at 16,841.

Nikkei 225 Breaks the 36,000 Mark

In contrast, the Nikkei 225 is on an impressive upward trajectory, breaking through the minor 36,000 barrier earlier today. This surge comes as the index aims for the 40,000 mark ahead of Friday’s Japan inflation data. As long as Monday’s intraday low at 35,552 is not breached, investors anticipate the persistence of immediate bullish pressure. Last week’s 35,813 high provides minor support above it. The following targets for the Nikkei 225 are the 37,000 level and the 38,957 October 1989 record peak.

In conclusion, global investors closely monitor these diverse market movements, with each index facing unique challenges and opportunities in the evolving economic landscape.

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