Skip to main content

FTSE 100 futures disappointed by UK inflation reports

As noted here a little earlier, the higher than forecast UK inflation data has not helped the FTSE 100 opening outlook. As covered here in a number of updates yesterday, the FTSE 100 had busted a series of support levels just above 7,880 and fallen back on the opening, dropping to below 7,800 at one point, before later closing 145 points lower, at 7,820. The low seen yesterday was set at 7,793. The FTSE 100 was by some margin the worst performing major European index yesterday, but all of them suffered quite heavy falls too. However, the Index future was seemingly quite optimistic; that the UK inflation data would provide it with a good excuse to rebound into the opening today. Well, that enthusiasm has been curbed now and the index is right now priced to open closer to the lows seen yesterday. The index is right now priced to reopen at just above 7,800. There will be more to add on its progress later this morning 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!