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

Published: January 26 2023, 04:35 GMT+0

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

Yesterday at a glance: 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 lost 0.3% yesterday and closed at 7,490.4.

Positive performances can be seen by looking at other markets as notably, Hang Seng rose 1.73% yesterday and closed at 22,045. KOSPI Composite Index added 0.87% and closed around 2,428.57 yesterday.

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

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

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