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18 Mar 2015
FTSE gains ahead of BOE minutes
FXStreet (Mumbai) - The London’s Ftse inched higher on the back of strength in the banking stocks, although broader gains were capped by a decline in the Energy and Mining shares.
The weakness in oil prices has pushed Weir Group and Tullow Oil down by 1.57% and 1.41% respectively. On the other hand, shares in Standard Chartered advanced 6.09%. However, despite losses in oil shares the Oil index is up 0.16%. Meanwhile, the mining index has lost 0.42%.
The Ftse index currently trades 0.27% higher at 6855.80 levels. The markets are likely to be influenced by the monthly employment data and the Bank of England minutes due for release later today.
FTSE Technical Levels
The immediate resistance is seen at 6864.97, above which gains could be extended to 6900.00 levels. On the flip side, a break below 6841.30 could push the index down to 6800.00 levels.
The weakness in oil prices has pushed Weir Group and Tullow Oil down by 1.57% and 1.41% respectively. On the other hand, shares in Standard Chartered advanced 6.09%. However, despite losses in oil shares the Oil index is up 0.16%. Meanwhile, the mining index has lost 0.42%.
The Ftse index currently trades 0.27% higher at 6855.80 levels. The markets are likely to be influenced by the monthly employment data and the Bank of England minutes due for release later today.
FTSE Technical Levels
The immediate resistance is seen at 6864.97, above which gains could be extended to 6900.00 levels. On the flip side, a break below 6841.30 could push the index down to 6800.00 levels.