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Bear Tuesday if it breaks 7250 | 7220 support | 7278 7320 resistance

#1 · 22nd August 2023, 9:06 am

FTSE 100 technical analysis for 22nd August 2023

Britain’s blue-chip index closed at a six-week low after poor industry data and a major profit warning dragged down the UK’s largest housebuilders. The FTSE 100 closed down 0.06pc to 7,257.82, reversing all opening gains from the morning’s rally.

Treasury yields hit new decade highs in Asia on Tuesday as traders grew wary of how long interest rates might need to stay elevated, with the higher risk-free rate putting a dampener on stocks even as beaten-down Chinese markets attempted a rebound.

S&P 500 futures fell about 0.2% in early trade.