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Bull Monday if they can defend 7234 initially | 7200 support | 7296 7350 resistance

#1 · 10th July 2023, 9:20 am

FTSE 100 prediction for trading today 10th July 2023

Asian share markets edged cautiously higher on Monday as investors looked ahead to a key reading on U.S. inflation and the start of another corporate earnings season.

Chinese consumer price figures surprised on the soft side with inflation falling in June and essentially unchanged from a year before. The miss implies there is plenty of scope to ease monetary policy further, but also underlines the challenge Beijing faces in reflating its economy and avoiding a deflationary spiral.