Risk-on mood pushes the FTSE 0.74% higher

Published: May 27 2023, 01:05 GMT+0

Risk-on mood pushes the FTSE 0.74% higher

Yesterday at a glance: with a daily low of 7,557, FTSE closed yesterday at 7,627.2, after ending Thursday at 7,571 and gaining 56.2 points (0.74%).

Uptick comes while some more positive signs for the FTSE are out as United Kingdom Retail Sales beat analyst expectations of 0.4% and the previous reading of -1.2% with new data of 0.5%.

Meanwhile, United Kingdom CFTC GBP speculative net positions released yesterday at 20:30 UTC with a figure of 11,600, while the previous figure was 12,600. United Kingdom Core Retail Sales improved upon its previous reading of -1.4% with a new data release of 0.8%.

The index has been trending lower for about a month. The FTSE reached a significant high of 8,012.53 around 3 months ago but has lost 5.51% since then.