FTSE 100 trades in new record highs with DAX 40 and S&P 500 close on its heels

Outlook on FTSE 100, DAX and S&P 500 ahead of US CPI print

The FTSE 100 made yet another record high, getting ever closer to the psychological 8,500 mark as investors are eagerly awaiting the USprint. Upside pressure will be maintained while the April-to-May uptrend line at 8,432 underpins on a daily chart closing basis. This uptrend line may be revisited, however.The DAX 40 once again nears its new record high, made last week around the 18,850 mark, a rise above which would engage the minor psychological 19,000 mark.

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