This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Despite US inflation FTSE 100 continues to gain
The FTSE 100 is continuing its ascent today, with the sell-off seen around yesterday’s rise in US inflation proving short-lived.
That is an encouraging sign, with a break above 7312 required to confirm a bullish outlook. For now, the index is challenging trendline resistance, where a break to the upside could spark a surge towards 7280. Ultimately, the directional bias will be clearer with a break above 7312 or below 7144.
.jpg)
