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US CPI today | 7601 7630 7663 7674 resistance | 7539 7523 support

#1 · 10th August 2023, 8:43 am

FTSE 100 technical analysis for 10th August 2023

US CPI 4.8% forecasted

The FTSE 100 closed higher Wednesday following a sharp rally in energy and mining stocks after Chinese deflation spurred hopes of more stimulus, while upbeat bluechip earnings also boosted sentiment.

Asian stocks lost ground on Thursday, still hurting from China’s slip into deflation, with investors particularly cautious ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve’s monetary policy path.