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Slide continues | 7437 7403 support | 7492 7538 resistance | Non-Manufacturing ISM Report

#1 · 4th October 2023, 8:33 am

Technical analysis for FTSE 100 for 4th October 2023

Stock markets across the world have fallen as US government borrowing costs soared to a 16-year high. The benchmark 10-year Treasury yield surged to its highest level since 2007 after new data showed that the US labour market remains overheated.

The number of US job openings increased from 8.9m in July to 9.6m in August, the US Labour Department said on Tuesday. It is the latest sign of a resilient US economy, fuelling concerns that the Federal Reserve will have to keep interest rates higher for longer.