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Bulls fight back with 7435 7478 resistance | 7373 7330 support

#1 · 13th November 2023, 10:43 am

Technical analysis for FTSE 100 for 13th November 2023

Shares in Asia gave up early gains while falling US futures partly unwound a Friday rally, ahead of crucial inflation data and a meeting between Joe Biden and Xi Jinping later this week. Equity benchmarks in Japan, South Korea and China traded within narrow ranges. A region-wide stock gauge was flat after trading 0.5% higher earlier in the session. Futures for the Euro Stoxx 50 were little changed and those for the S&P 500 index fell 0.4%, partly retracing a 1.6% gain Friday. Markets are closed in Singapore and Malaysia for a holiday.

Stocks in Asia rose on Monday while Treasuries and the dollar kept their composure, as investors took their lead from Wall Street’s Friday rally, shrugging off a Moody’s downgrade to the U.S. credit outlook.