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Bulls continue to push | 32 point dividend | 7580 7615 7660 resistance | 7531 7494 support

#1 · 9th August 2023, 9:27 am

FTSE 100 technical analysis for 9th August 2023

32 point FTSE 100 dividend today

The FTSE 100 ended lower Tuesday as bear Tuesday kicked in, although reversed some earlier losses. The blue-chip index finished down 0.36pc at 7,527.42, while the FTSE 250 midcap index dipped 0.11pc to 18,841.54.

Asian shares were on the defensive on Wednesday after data showed that China slipped into deflation in July, a negative sign for the global growth outlook although it could serve as a damper on global inflationary forces.

Closely watched China data on Wednesday showed consumer prices fell 0.3% in July from a year ago, the first decline since February 2021, although it was slightly better than the forecast of a 0.4% drop. Producer prices fell for a 10th consecutive month. The data followed disappointing trade figures a day earlier that fuelled concerns about the global economic outlook.