26 Mar 2015
FTSE falls for the third session
FXStreet (Mumbai) - The London’s Ftse index fell for the third consecutive session, tracking the sell-off in the global equity markets. The Ftse index fell 1.05% to 6920.30 levels.
Shares in Easyjet fell more than 3% at one point of time, despite upgrading its half-year profit forecast. Shares in ARM holdings fell 4.21%, extending a more than 6% fall seen in the previous session following news of a downgrade to rival AMD and a sell-off in the US tech sector. Meanwhile, shares in London Stock Exchange were the biggest losers for the day; down 8.16% after Borse Dubai sold its complete 17.4% in the LSE.
Oil shares are trading higher, tracking the rise in the oil prices amid geopolitical uncertainty. Shares in Weir group advanced 2.43%. The better-than-expected retail sales figure failed to have a significant impact on the equity markets.
FTSE Technical Levels
The immediate support is seen at 6889, under which losses could be extended to 6800 levels. On the flip side, a rise above 6929.30 could push the pirces higher to 6950.00 levels.
Shares in Easyjet fell more than 3% at one point of time, despite upgrading its half-year profit forecast. Shares in ARM holdings fell 4.21%, extending a more than 6% fall seen in the previous session following news of a downgrade to rival AMD and a sell-off in the US tech sector. Meanwhile, shares in London Stock Exchange were the biggest losers for the day; down 8.16% after Borse Dubai sold its complete 17.4% in the LSE.
Oil shares are trading higher, tracking the rise in the oil prices amid geopolitical uncertainty. Shares in Weir group advanced 2.43%. The better-than-expected retail sales figure failed to have a significant impact on the equity markets.
FTSE Technical Levels
The immediate support is seen at 6889, under which losses could be extended to 6800 levels. On the flip side, a rise above 6929.30 could push the pirces higher to 6950.00 levels.