- summary:
- FTSE 100 is a victim of circumstances as the UK stocks suffer from the consequences of the trade tariff war that they do not have at the end.
The FTSE 100 (Indexftse: UKX) index fell on Monday, which reflects a wider decrease in global financial markets with a set of new commercial tariffs. The index decreased by 1.5 % at 8,607 points at the time of writing this report, as the United States, China, Canada and Mexico are ready for the height of commercial barriers this week.
The trade relations of the United Kingdom with the United States are not full, which is likely to be prevented by Prime Minister Kiir Starmer’s talks with US President Donald Trump. However, both countries are exposed to the effects of the broader induction ecosystem that affects their other commercial partners. Moreover, Trump had previously threatened definitions against the European Union, the largest export destination in the United Kingdom. This setting is likely to continue to put pressure on UK companies and FTSE 100 index.
UNILEVER was the largest winners among the ten largest shares in the FTSE 100 index, with 2.69 %. The two great winners were in BP (+1.5 %), the national network (+3.1 %). However, it was a bad picnic for Rolls Royce, which decreased by -6.8 %, Barclays (-5.7 %) and the banking Lloyds (-2.8 %). Rolls -Royce has mostly decreased as a result of profit after last week gathered to the highest level ever.
There are no highly influential economic data in the UK throughout the week, except for the Friday version of GDP data. This may leave the FTSE index vulnerable to the declining pressure in the overlapping period, as the focus is likely to be on the induction ecosystem.
FTSE 100 Festival prediction
FTSE 100 Index Pivots at 8660 points and resistance at this level indicates that the downside will prevail. With sellers control, the index is likely to decrease to the first support at 8600. The procedure below will indicate the emergence of stronger declining momentum, which is likely to decrease the 8576 points test.
Instead, the transition above 8,660 points will indicate a momentum to the upward trend. With the presence of buyers who control, the FTSE index is likely to rise and face the first resistance at 8,695 points. The breaking of this level will nullify the narration of the downside, as the resulting momentum is likely to take a higher measure to test 8,735.
