Market Overview, August 08 2014

Market Overview

 

 

• UK stocks finished the session at their intra-day lows almost as traders 

  continued to anxiously watch developments between Ukraine and Russia. 

• Nato said that the significant increase of Russian troops near Ukraine 

  over the last few days is of "great concern" amid fears that Moscow 

  is readying to invade. 

• Russia has denied the allegations, saying that comments from Nato 

  are misleading.

• That came as both the Bank of England and the European Central 

  Bank (ECB) decided to keep their respective monetary policy settings 

  unchanged.The FTSE 100 ended the day 0.58% lower at 6,597.37. 

  For upcoming session it has given the closing below 50 DMA & 200

  DMA it can continue  it's downward trend and can test the level of 

  6400 with the resistance of 6700.