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Bulls might struggle today with 7474 7500 7524 resistance | 7450 7430 7410 support

#1 · 27th November 2023, 11:51 am

Technical analysis for FTSE 100 for 27th November 2023

The FTSE 100 ended slightly higher on Friday as rising energy stocks helped counter broader market weakness, although along with the FTSE 250 it clocked a weekly loss. The FTSE 100 closed up 0.1%, while the midcap index was down 0.1%. Both indexes logged weekly falls, of 0.2% and 0.5%, respectively.

Asian stocks swung to a loss and US equity futures fell as slowing Chinese industrial profit growth sapped optimism after last week’s equity rally. The yen strengthened against all its Group-of-10 peers. China shares led declines as data showed profits at the nation’s industrial companies climbed at a slower pace, suggesting the economic recovery remains uncertain. The Hang Seng China Enterprises Index dropped as much as 1.4% while CSI 300 Index closed 1.2% lower in Monday’s morning session. Benchmarks also fell in Australia and Japan.