The FTSE 100 is rising within the futures market forward of the essential ultimate outcomes by BP and buying and selling statements by SSE and Virgin Cash. The Footsie is buying and selling at 6,525, which is considerably greater than yesterday’s low of 6,310.
FTSE 100 information: The highest mover within the blue-chip London index will probably be BP, the vitality supermajor. The corporate is about to publish its interim outcomes earlier than the market open. Analysts imagine that the corporate made $52.15 billion within the fourth quarter, down by 27% year-on-year. Additionally they see the adjusted upstream PBIT falling to about $1 billion.
Along with BT, one other FTSE 100 firm that can publish immediately is SSE, a utility firm. Virgin Cash, the FTSE 250 firm may even publish their buying and selling bulletins. Later this week, different corporations to look at shall be Royal Dutch Shell, BT, Vodafone, and GlaxoSmithKline (GSK).
Different firms to look at shall be silver miners like Polymetal and Fresnillo that soared yesterday due to the frenzy within the silver market. With silver value down by greater than 2% immediately, these corporations may very well be among the many laggards.
FTSE 100 prediction
The FTSE 100 index dropped sharply yesterday and reached its lowest degree since December 21. On the each day chart, it moved under the 61.8% Fibonacci retracement degree. It additionally entered the Ichimoku cloud and handed the 25-day exponential transferring common. Subsequently, at this stage, the outlook for the Footsie is bullish primarily based on the efficiency of its American counterparts like Dow Jones and S&P 500. Nonetheless, we must always not rule out one other drop to six,400.
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