Monday, 8 September 2014

UK Stock Market Today's Overview

UK Stock Market today's overview

UK stocks declined on Friday after hitting an intraday 14-year high the previous session, as investors scaled back risk appetite ahead of the highly-anticipated US non-farm payrolls data.

London's FTSE 100 was trading 0.7% lower at 6,831 by midday after five straight days of gains.

The Footsie edged higher on Thursday to close at 6,877.97, its highest finish since 14 May when it settled at 6,878.49.

During the session the index reached a high of 6,904.86, its highest intraday level since the record 6,950.60 set in late December 1999.

For upcoming week it can consolidate with in a range and can show short term recovery and can test the level of 6800 as profit booking can be seen before breaching of 6910 level.