The FTSE index sheds 12.36 points (-0.16%) as market bears take the reigns

Published: January 26 2023, 01:21 GMT+0

The FTSE index sheds 12.36 points (-0.16%) as market bears take the reigns

A quick look at yesterday: the FTSE dipped as low as 7,710.78 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (7,757.36) with FTSE closing the day at 7,745.

While price action maintains a negative bias, United Kingdom PPI Input (MoM) (Dec) came out at -1.1, while a consensus of analysts was expecting -0.6.

In the meantime, negative performances are also seen in other markets, ASX 200 stumbles 0.3% yesterday and closed at 7,490.4.

Other assets are showing positive performances as Hang Seng went up by 1.82% yesterday, and closed at 22,045. KOSPI Composite Index rises 0.39% yesterday and closed at 2,428.57.

Furthermore, United Kingdom Labour Productivity is expected today at 09:30 UTC. United Kingdom CFTC GBP speculative net positions will be released tomorrow at 20:30 UTC.

The index has been trending positively for about a month. The FTSE has fallen back around 1.31% over the past 10 days, from a notable high of 7,860.

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