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Possible Bull Monday if 7515 defended | 7480 below | 7560 7613 resistance

#1 · 7th August 2023, 8:35 am

FTSE 100 technical analysis for 7th August 2023

Will the FTSE 100 be bullish today?

Most Asian shares declined Monday as traders assessed a mixed US jobs report for clues on the Federal Reserve’s next decision. The intensifying Ukraine-Russia conflict also weighed on sentiment.

Asian share markets were in a cautious mood on Monday after a mixed U.S. jobs report sparked a rally in beaten-down bonds, but new hurdles lay ahead in the shape of U.S. and Chinese inflation figures due later this week.

MSCI's broadest index of Asia-Pacific shares outside Japan was a fraction firmer in thin trade, after losing 2.3% last week. Japan's Nikkei slipped 0.2%, but found support at its July low. A summary of the last Bank of Japan meeting showed members felt making yield policy more flexible would help extend the life of its super-easy stimulus. Chinese blue chips eased 0.7% with investors still disappointed at the lack of major and concrete stimulus steps from Beijing.