10 Feb 2015
FTSE recovers losses
FXStreet (Mumbai) - The London’s Ftse index has recovered losses to trade largely unchanged, taking cues from the strength in the US equity futures and rise in the other major European markets.
Index recovers losses
The index currently trades marginally lower at 6831.80 after having recovered from the low of 6789.30 levels seen earlier today. The Ftse Industrial Metals index extended gains to trade 2.38% higher. Retail stocks are up 1.51%, while Mobile Telecom index is up 0.97%.
However, the index continues to underperform other major European markets due to the weakness in the Energy stocks and Mining stocks. The Ftse Oil and Gas index is down 2.01%, while Mining index is down 2.68%.
The index managed to recover losses, mainly due to the strength in the US equities. The major US indices are trading 0.5% higher, which supports the Ftse.
FTSE Technical Levels
The immediate resistance is seen on the intraday charts at 6847.80 and 6873.50 levels. Meanwhile, support is seen at 6813.50 and 6789.30 levels.
Index recovers losses
The index currently trades marginally lower at 6831.80 after having recovered from the low of 6789.30 levels seen earlier today. The Ftse Industrial Metals index extended gains to trade 2.38% higher. Retail stocks are up 1.51%, while Mobile Telecom index is up 0.97%.
However, the index continues to underperform other major European markets due to the weakness in the Energy stocks and Mining stocks. The Ftse Oil and Gas index is down 2.01%, while Mining index is down 2.68%.
The index managed to recover losses, mainly due to the strength in the US equities. The major US indices are trading 0.5% higher, which supports the Ftse.
FTSE Technical Levels
The immediate resistance is seen on the intraday charts at 6847.80 and 6873.50 levels. Meanwhile, support is seen at 6813.50 and 6789.30 levels.