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Bears pushing below 7400 | 7370 7315 support | 7425 7471 resistance

#1 · 10th November 2023, 9:44 am

Technical analysis for FTSE 100 for 10th November 2023

The FTSE100 index was up 0.7pc yesterday (to 7,455.67). The growth was in part fueled after AstraZeneca raised its profit outlook for year, and its shares put on 2.6pc. The FTSE 250 was up 1.07pc.

Shares in Asia fell after Jerome Powell warned interest rates may have to climb further, stunting a rally in stocks and bonds and sending investors back to the dollar. All major equity gauges in the region were in the red, tracking a drop for the S&P 500 on Thursday. Hong Kong’s stocks were among the biggest losers after weak profit reports from chipmaker SMIC and casino operator Wynn Macau. The US benchmark slid 0.8%, ending eight days of gains — its best run since 2021. European futures pointed to a weak start.