21 Jan 2015
FTSE hits three-week high
FXStreet (Mumbai) - The London’s Ftse index rose to 6652, a level last seen on Dec. 29 2014 after having gained for three-consecutive sessions.
The index traded 0.39% higher at 6646 levels at the time of writing, compared to the previous session’s close at 6620.10 levels. The index breadth is positive with an advance-decline ratio of 71:26. The metals and mining index extended weakness by 0.32% as commodity prices remain under pressure due to concerns of global growth slowdown. Meanwhile, the Mobile Telecom index is up 0.80%.
Among stocks, Dixons Carphone is the top gainer so far; up 2.22%, while the shares in Weir Group are down 4.42%. The stock markets are likely to be affected by the Bank of England minutes and the UK employment data scheduled for release today.
FTSE Technical Levels
The immediate resistance is seen at 6656, above which gains could be extended to 6714 levels. Meanwhile, support is seen at 6607 and 6581 levels.
The index traded 0.39% higher at 6646 levels at the time of writing, compared to the previous session’s close at 6620.10 levels. The index breadth is positive with an advance-decline ratio of 71:26. The metals and mining index extended weakness by 0.32% as commodity prices remain under pressure due to concerns of global growth slowdown. Meanwhile, the Mobile Telecom index is up 0.80%.
Among stocks, Dixons Carphone is the top gainer so far; up 2.22%, while the shares in Weir Group are down 4.42%. The stock markets are likely to be affected by the Bank of England minutes and the UK employment data scheduled for release today.
FTSE Technical Levels
The immediate resistance is seen at 6656, above which gains could be extended to 6714 levels. Meanwhile, support is seen at 6607 and 6581 levels.