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

Published: January 25 2023, 19:30 GMT+0

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

Today 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.

Meanwhile, United Kingdom Services PMI came out at 48, while a consensus of analysts was expecting 49.6. United Kingdom Composite PMI released yesterday at 09:30 UTC with a figure of 47.8, while the previous figure was 49. United Kingdom Manufacturing PMI came out at 46.7, while a consensus of analysts was expecting 45.4.

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

Positive performances can be seen by looking at other markets as KOSPI Composite Index went up by 1.39% today, and closed at 2,428.57. Hang Seng increases 1.82% today and closed at 21,651.

Furthermore, United Kingdom Labour Productivity scheduled to come out tomorrow at 09:30 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 9 days ago.

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