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New month money | shutdown avoided | 7630 7650 7713 resistance | 7585 7550 support

#1 · 2nd October 2023, 9:36 am

Technical analysis for FTSE 100 for 2nd October 2023

US stock futures advanced along with Asian equities after a deal was reached on the weekend to avoid an American government shutdown. Traders are waiting to hear Federal Reserve Chief Jerome Powell’s remarks for any clues on how much further rates will need to rise.

Futures contracts on the S&P 500 raced higher Monday after US lawmakers late on Saturday passed compromise legislation to keep the government running until Nov. 17. Japanese stocks rose, while a number of Asian markets including China and South Korea were shut for holidays.