FTSE 100
The FTSE 100 index is wavering in the futures market ahead of a relatively busy trading updates day. The index is trading at £6,713, which is slightly higher than yesterday’s low of £6,727. Other global indices like the Dow Jones, DAX index, and S&P 500 are barely moved.
What’s ahead: Today will be a relatively busy day for UK stocks as investors receive vital trading updates numbers from key companies. Asos, the FTSE 250 company will deliver its update later today about its holiday sales. Analysts expect the data to show that the fashion house will report strong numbers. Boohoo will publish its numbers tomorrow. Asos share price is trading at 5,196.
Just Eat Takeaway will also publish robust numbers as the December lockdowns boosted sales. Still, traders will want to see whether the trend is continuing this year due to the extended lockdown. Just Eat Takeaway share price is at 9,070p.
Persimmon share price will react to the company’s trading update also. The company had a robust 2020, boosted by low-interest rates that led to more house sales. Shares of Tyler Wimpey, it’s closest competitor, will also move in reaction to the data. Persimmon share price is at 2,785p.
Other FTSE share prices to watch today will be by Pagegroup, William Hill, and Shoe Zone.
Also, shares of banks like Lloyds, Barclays, and Natwest will also move today due to the statement by Andrew Bailey about negative rates.
The FTSE 100 index has been on a steady increase recently. But this week, it has lost the momentum and declined from £6,940 to the current £6767. On the daily chart, the price is between the 62.8% and 78.6% Fibonacci retracement level.
It is also above the 25-day and 15-day moving averages. Therefore, the pair will possibly continue rising as bulls target the next resistance at £7,000.
