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Non Farm Payrolls 170k forecasted | 7451 7405 support | 7485 7535 resistance

#1 · 6th October 2023, 9:16 am

Technical analysis for FTSE 100 for 6th October 2023

The FTSE 100 closed in the green, ending a three-day losing streak. The blue-chip index finished up 0.53pc or 39 points at 7,451.54. The FTSE 250 midcap index ended 0.61pc higher at 17,599.98.

Asian shares rose before a monthly US payrolls report forecast to show employers slowed hiring month, potentially easing pressure on the Federal Reserve to raise interest rates again.

Equity benchmarks in Australia, Japan, South Korea and Hong Kong all climbed. A region-wide share gauge headed for its second daily advance, which would mark the first back-to-back gain in three weeks. The Hang Seng Index jumped as much as 2.3%, but is still set for a fifth week of losses. Chinese markets remain shut for a week-long holiday.