Thursday, 7 August 2014

UK Market, August 07 2014

  • Fears about a possible Russian invasion of Ukraine set off another wave of selling in UK equity markets on 
    Wednesday, with a string of disappointing data also weighing on sentiment. 
  • The FTSE 100 finished the session 0.69% lower at 6,636.16, having slipped to a low of 6,588.43 - 
    it has not fallen below 6,600 in intra-day trade since April 17th. The benchmark index is now at its 200-day 
    moving average. 
  • The FTSE 100 was up 0.07% higher at 6,682 by the close of trading after finishing Monday's session 
    at 6,677.52 - its lowest close since 10 July .
  • In upcoming session it can show short term recovery and can test the level at 6800 with the 
    support of 6550. 
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