3 Dec 2014
FTSE trades flat
FXStreet (Mumbai) - The London’s Ftse trades flat after falling-off from a one-week high due to a renewed signs of weakness in the energy shares.
The Ftse traded 0.09% lower at 6735.80 levels at the time of writing. The index breadth is positive with an advance-decline ratio of 21:9. The Oil and Gas index is down 0.75%, while the Oil Equipment, Services and Distribution index is down by 0.84%. Meanwhile, the Industrial Metals and Mining index is up 0.91%.
Among stocks, shares in Chevron and Exxon Mobil are up 2.05% and 1.99% respectively. Other major gainers include JP Morgan, 3M, and Intel. Meanwhile, on the minus side are shares in AT&T are down 2.22%, followed by Verizon, down 1.84%.
Moreover, the stock markets have shrugged-off a better-than-expected November’s Services PMI data released earlier today.
Ftse Technical Levels
The index has an immediate resistance located at 6750, above which gains could be extended to 6773 levels. Meanwhile, support is seen at 6716 and 6687 levels.
The Ftse traded 0.09% lower at 6735.80 levels at the time of writing. The index breadth is positive with an advance-decline ratio of 21:9. The Oil and Gas index is down 0.75%, while the Oil Equipment, Services and Distribution index is down by 0.84%. Meanwhile, the Industrial Metals and Mining index is up 0.91%.
Among stocks, shares in Chevron and Exxon Mobil are up 2.05% and 1.99% respectively. Other major gainers include JP Morgan, 3M, and Intel. Meanwhile, on the minus side are shares in AT&T are down 2.22%, followed by Verizon, down 1.84%.
Moreover, the stock markets have shrugged-off a better-than-expected November’s Services PMI data released earlier today.
Ftse Technical Levels
The index has an immediate resistance located at 6750, above which gains could be extended to 6773 levels. Meanwhile, support is seen at 6716 and 6687 levels.