FTSE 100 Daily Price Recap
5628.43 was the closing price of the day for FTSE 100, resulting in today being one in which price moved up 0.55% ($30.78) from yesterday. Out of the 8 instruments in the 8 major global equity indices asset class, FTSE 100 ended up ranking 3rd for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of FTSE 100.
FTSE 100 Technical Analysis
Volatility for FTSE 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about FTSE 100:
- From truemagic68:
At 8.07am – FTSE 100 – 5,776.89 −14.42 (-0.25%) – marginally below the Plimsoll line, but further stories will unfold during the session
- From RonnieChopra1:
FTSE 100 near low of the day, down approx 2% at 5670. Heavyweight oil majors (BP and Shell) pushing the benchmark sharply lower as the oil price plummets to an 18 year low as well as weak bank and commodity shares.
- From MrMBrown:
Stoxx 600 closes 3.3% lower, all sectors ending the day in the redO&G and banks lead the lossesLondon’s FTSE 100 also ends the day with losses of more than 3%
For a longer news piece related to UKX that’s been generating discussion, check out:
European stocks also capped their gains, with Germany’s Dax clinging on to a 0.4 per cent rise, while France’s Cac slipped into the red despite an earlier rise of 0.3 per cent….Read more: Oil prices continue slump as prospects for recovery look slim BP and Shell both sank two per cent while struggling property fund investor M&G sank 11 per cent….Read more: UK GDP to tumble 35 per cent over coronavirus lockdown Asian stocks were broadly lower overnight amid fears the global economy is in its worst recession since the 1930s.