FTSE 100
FTSE 100 has drifted 0.30% lower today despite the pound slipping modestly. Investors are nervously awaiting to see the outcome of Boris Johnson’s third attempt to call a general election as he tries to break the Brexit deadlock.
Download our Stock Market Q4 Outlook Today!
[vc_single_image image=”14654″ img_size=”medium” alignment=”center” style=”vc_box_rounded” >
Corporate earnings continue to bear market expectations. Both Barclays and WPP reported better-than-expected earnings, sending their shares higher.
All in all, FTSE 100 trades 0.3% lower today as it tests the broken descending trend line. The price action also broke above the 200 DMA at 7273 but it was ultimately rejected by 100 DMA and 100 WMA, both sitting around the 7330 handle.