FTSE 100 and Stoxx 600 rise after positive GDP data #tattvammarkets #forex #news
FTSE 100 and Stoxx 600 rise after positive GDP data
European markets posted solid gains following optimistic interpretations of fresh economic data. The FTSE 100 soared 0.57%, closing at its intraday high after UK GDP growth for Q1 surprised to the upside at 0.7% quarter-on-quarter—its best performance in three quarters. Meanwhile, the Stoxx 600 rose 0.56%, also ending at the session peak, buoyed by steady eurozone growth and broader investor confidence.
In the U.S., April’s PPI fell 0.5%, marking the sharpest drop since April 2020. While the Nasdaq ended a six-day rally, the S&P 500 and Dow closed higher, reflecting a market cautiously transitioning from trade-driven optimism to fundamentals-focused positioning.
Technical analysis
The S&P 500 opened slightly lower at 5868.75 but climbed to an intraday high of 5924.03, before closing at 5916.92. This close, just shy of the day’s peak, signals strong bullish momentum. For the next session, resistance can be expected near 5935, while immediate support lies around 5880.
The Stoxx 600 continued its upward momentum, opening at 541.51 and rising steadily to finish at 546.95—the highest point of the day. This bullish price action, coupled with strong close, suggests the next resistance may be found near 550, while support can be estimated around 543.
The FTSE 100 followed a similar pattern, opening lower at 8540.46 and closing at its day high of 8633.75. A solid performance across services and manufacturing in the UK supported the rally. If this momentum holds, resistance could emerge around 8670, while support is likely near 8575.
Actionable insights
1. S&P 500—Watch for a breakout above 5935; this could confirm continued bullish sentiment despite fading tech-led momentum.
2. Stoxx 600—Monitor for a retest of the 543 support zone; holding above this may pave the way toward the 550 mark.
3. FTSE 100—Pay attention to the 8575 support level—staying above it keeps the current uptrend intact, with an eye on 8670 resistance.
With strong European GDP data and softer U.S. inflation easing rate concerns, market sentiment remains broadly constructive. Traders should stay alert as indices approach key resistance levels that may define short-term direction.
📌 Follow @tattvammarkets for actionable updates and in-depth analysis.
⚖Regulated by SCA and FSC | For educational purposes only. Trading Involves High Risk.
#tattvammarkets #tattvam #trading #tradingsignals #forex #trust #transparency
Видео FTSE 100 and Stoxx 600 rise after positive GDP data #tattvammarkets #forex #news канала Tattvam Markets
European markets posted solid gains following optimistic interpretations of fresh economic data. The FTSE 100 soared 0.57%, closing at its intraday high after UK GDP growth for Q1 surprised to the upside at 0.7% quarter-on-quarter—its best performance in three quarters. Meanwhile, the Stoxx 600 rose 0.56%, also ending at the session peak, buoyed by steady eurozone growth and broader investor confidence.
In the U.S., April’s PPI fell 0.5%, marking the sharpest drop since April 2020. While the Nasdaq ended a six-day rally, the S&P 500 and Dow closed higher, reflecting a market cautiously transitioning from trade-driven optimism to fundamentals-focused positioning.
Technical analysis
The S&P 500 opened slightly lower at 5868.75 but climbed to an intraday high of 5924.03, before closing at 5916.92. This close, just shy of the day’s peak, signals strong bullish momentum. For the next session, resistance can be expected near 5935, while immediate support lies around 5880.
The Stoxx 600 continued its upward momentum, opening at 541.51 and rising steadily to finish at 546.95—the highest point of the day. This bullish price action, coupled with strong close, suggests the next resistance may be found near 550, while support can be estimated around 543.
The FTSE 100 followed a similar pattern, opening lower at 8540.46 and closing at its day high of 8633.75. A solid performance across services and manufacturing in the UK supported the rally. If this momentum holds, resistance could emerge around 8670, while support is likely near 8575.
Actionable insights
1. S&P 500—Watch for a breakout above 5935; this could confirm continued bullish sentiment despite fading tech-led momentum.
2. Stoxx 600—Monitor for a retest of the 543 support zone; holding above this may pave the way toward the 550 mark.
3. FTSE 100—Pay attention to the 8575 support level—staying above it keeps the current uptrend intact, with an eye on 8670 resistance.
With strong European GDP data and softer U.S. inflation easing rate concerns, market sentiment remains broadly constructive. Traders should stay alert as indices approach key resistance levels that may define short-term direction.
📌 Follow @tattvammarkets for actionable updates and in-depth analysis.
⚖Regulated by SCA and FSC | For educational purposes only. Trading Involves High Risk.
#tattvammarkets #tattvam #trading #tradingsignals #forex #trust #transparency
Видео FTSE 100 and Stoxx 600 rise after positive GDP data #tattvammarkets #forex #news канала Tattvam Markets
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16 мая 2025 г. 11:14:02
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