FTSE 100 rejects a daily close above 8k

Yesterday the FTSE 100 rose to its best levels of the year when it finally reclaimed that coveted 8k level. The index set a high at 8,015, which was not far below the all time high set in 2023, at 8,047. However, owing to the fall in the wider global stock markets, the FTSE was not able to sustain the move and certainly failed to post a daily close above 8k. The index dropped back towards 7,900 and later closed 17 points lower on the day, at 7,935. For FTSE bulls that must have been a disappointment too and what is more; the rise to new 2024 highs in the oil price and lower Pound also failed to deliver such a close. Today the FTSE 100 futures are right now in the red and a lower effective opening is currently on the cards. The index just now poised to open at around 7,910