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Dovish Fed boosts markets | 7540 defended | 7625 7750 resistance | 7590 support

#1 · 14th December 2023, 10:23 am

Technical analysis for FTSE 100 for 14th December 2023

The FTSE 100 closed slightly higher on Wednesday as the pound slid following data showing the UK economy contracted in October, while markets awaited the Federal Reserve's rate decision later in the day. The blue-chip FTSE 100 index edged up 0.1%, with major dollar earners like AstraZeneca up over 2%. The more domestically-focussed FTSE 250 mid-cap index also rose 0.2%. Bucking the trend, shares of automobiles and parts fell to a one-month low, dropping 3.7%.