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Despite some decent earnings numbers from a couple of leading UK companies this morning, the FTSE has now fallen below the well noted support at 8,105. To be honest with you this break has been targeted here for a long time and the only surprise is that it has taken so long to play out. The fact that the US markets had to dive in order to force the break below 8,105 is actually testament to its overall resilience, but that might not stop the index from extending this downside break The FTSE is now approaching the 8, 075 level as losses across the DAX and the CAC deepen
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
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