The FTSE 100 index for the fourth consecutive session increased on Thursday, reaching 8751 points and an increase of 0.48 % at the time of writing this report. The rise came on the day when Rolls -Royce, a giant of air space engineering, announced quarterly profits and announced the distribution of the first profits within five years.
Also, the market has its eyes installed on the visit of the UK Prime Minister, Kiir Starmer in the United States, where he is expected to hold trade talks with US President Donald Trump. The stock markets were subjected to a large tariff, as the momentum is expected to extend from March. Trump threatened a new group of commercial tariffs against the allies in the euro area, but it remains to see what you will get a Custarmer visit to the United Kingdom.
In early February, the Bank of England announced that the third interest rate was reduced within five months, and more discounts were lined up this year. This preaches well for stocks and FTSE 100. Rolls -Royce was the largest winner per day, increasing by 18 % at the time of writing this report. The other high performance included the Stock Exchange group in London (+5.4 %), Aviva (+2.8 %) and the Unified International Airlines Group (+2.45 %).
FTSE 100 Festival prediction
As shown in the graph below, FTSE 100 Index Pivot is 8,700 points and controls the momentum index by buyers. The momentum is likely to fulfill the initial resistance at 8,736 points. A fracture above this level will enhance the momentum and potentially test the second resistance at 8,773.
On the other hand, going to 8,700 points will indicate a transformation on the negative side. In this case, the initial support is likely to come in 8673. The bullish direction will be invalid if the price is less than this level. Also, the resulting momentum can extend the negative side and lead the index less to test the second support at 8648 points.
