22 Jul 2015
FTSE drives European indices lower on BOE
FXStreet (Mumbai) - London’s benchmark, the FTSE led the European stocks lower, keeping red following the minutes from the Bank of England's last monetary policy meeting as MPC sounded more upbeat towards a rate-hike this year-end.
Germany's DAX 30 index fell -0.33% to 11,565, and the UK FTSE 100 dropped nearly -1% to 6,714. Among the other indices, the French CAC 40 index lost -0.37% to 5,088, and the pan-European Euro Stoxx 50 was slightly lower at 3,643.
The FTSE trades with a negative market breadth with the advance-decline ration being 25:72. easyJet PLC is the top gainer, up 4.14%, followed by Sage Group +1.77%. On the other hand, Ashtead Group is losing -3.64% followed by BHP Billiton, down -3.44%.
FTSE Technical Levels
The index has an immediate resistance at 6813. Meanwhile, support is seen at 6710 levels and 6625 levels.
Germany's DAX 30 index fell -0.33% to 11,565, and the UK FTSE 100 dropped nearly -1% to 6,714. Among the other indices, the French CAC 40 index lost -0.37% to 5,088, and the pan-European Euro Stoxx 50 was slightly lower at 3,643.
The FTSE trades with a negative market breadth with the advance-decline ration being 25:72. easyJet PLC is the top gainer, up 4.14%, followed by Sage Group +1.77%. On the other hand, Ashtead Group is losing -3.64% followed by BHP Billiton, down -3.44%.
FTSE Technical Levels
The index has an immediate resistance at 6813. Meanwhile, support is seen at 6710 levels and 6625 levels.