FTSE 100 brushes aside early unfashionable slide

As covered here earlier this morning, the FTSE 100 was knocked back on the opening by the losses in Burberry after a profit warning and resignation of its CEO. The index fell to a low at 8,187 just after the opening. However, the index is on the rebound again just now and so is the CAC 40 for that matter too. The FTSE 100 is now close to the point at which it closed on Friday. The high for the index then was set at 8,276.31 and that is still some way off, but beyond the closing level on Friday, that 8,276 price point is the one that could matter most. All the while that remains intact, the immediate path is rather unclear. However, the price action is certainly a lot more encouraging right now, than it was earlier. The FTSE 100 is currently trading at 8,242