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Will we get a bull Monday as September starts in earnest | 7530 7575 resistance | 7490 7460 support

Nick@ht-admin
#1 · 4th September 2023, 9:02 am

 

Technical analysis for FTSE 100 for 4th September 2023

Asian shares pushed higher on Monday as markets wagered the Federal Reserve was done raising U.S. interest rates, and on hopes the drip feed of policy stimulus from Beijing would be enough to stabilise the Chinese economy.

A holiday in the United States made for thin trading ahead of key readings on U.S. services and Chinese trade and inflation later in the week. More policy action is also expected from Beijing, including relaxing restrictions on home buying.

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Last edited on 4th September 2023, 9:04 am by Nick