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

Published: January 26 2023, 06:01 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) released yesterday at 07:00 UTC with a figure of -1.1, while the previous figure was 0.6.

In the meantime, negative performances are also seen in other markets, ASX 200 is down to 7,468.3, losing 22.1 points, after ending the previous session around 7,490.4.

Other assets are showing positive performances as KOSPI Composite Index is trading around 2,462.25 after ending yesterday's session at 2,428.57 (up 1.39% today). Hang Seng moves up 1.89% yesterday and closed at 22,045.

Furthermore, United Kingdom Labour Productivity is scheduled for 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% over the past 10 days, from a notable high of 7,860.

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