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Sluggish China | More rate rises | 7438 7480 resistance | 7400 7370 support

#1 · 18th July 2023, 8:25 am

FTSE 100 trading prediction and analysis for 18th July 2023

Asian stocks fell on Tuesday as weak Chinese economic data released the previous day continued to weigh on sentiment, while investors were waiting to see if U.S. retail sales data would shine a light on the path for U.S. interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.63% in the morning session.

FTSE 100 trading prediction and analysis

The FTSE 100 remained within that range yesterday of 7390 and 7440, just teasing both the orders, but consolidating the recent rise pretty well. We may well see a......