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

Published: January 26 2023, 02:25 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.

Amid the market gloom, 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 draws back 0.3% yesterday and closed at 7,490.4.

Other assets are showing positive performances as Hang Seng ascends 1.63% yesterday and closed at 22,045. KOSPI Composite Index added 0.47% and closed around 2,428.57 yesterday.

Furthermore, United Kingdom Labour Productivity scheduled to come out today at 09:30 UTC. United Kingdom CFTC GBP speculative net positions is scheduled for tomorrow at 20:30 UTC.

The index has been trending positively for about a month. The FTSE reached a significant high of 7,860 around 10 days ago but has lost 1.31% since then.

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