Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading declined around 0.07% on 09 December 2025.
Macro Update: The unemployment rate rose to a four-year high of 5% in the three months to September, and the number of people on company payrolls fell in October. This points to reduced competition for workers and moderating wage growth.
Top Market Movers: Among top gainers on FTSE 100 index, WPP PLC (LSE: WPP) witnessed a rise of 4.69% followed by Babcock International Group PLC (LSE: BAB) which gained around 3.32%.
Commodity Update: The FTSE slipped 7.75 points to 9,637.34 but continues to trade well above the key support zone near 9,200, maintaining a broadly stable structure. The 21-day SMA at 9,672.70 sits close to current levels, reflecting a neutral undertone, while the 50-day SMA at 9,612.09 adds to the wider stability and suggests room for near-term consolidation. The RSI remains elevated with a slight downward bias. Immediate support is placed near 8,950, while resistance is seen at 10,000 and 10,120.
Our Stance: The current slowdown in GDP growth and the rising unemployment rate will compel the Bank of England to cut interest rates at its next meeting, easing financial pressures on the economy.
FTSE 100: The FTSE edged up 6.04 points to 9,673.05 and continues to trade comfortably above the key support zone near 9,200, preserving a broadly stable structure. The 21-day SMA at 9,681.17 sits close to the index, indicating a neutral bias, while the 50-day SMA at 9,606.91 reinforces broader stability with scope for near-term consolidation. The RSI remains elevated with a mild downward tilt. Immediate support is seen near 8,950, while resistance is positioned at 10,000 and 10,120.

Source - EODHD/Others






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