Index Update: The FTSE 100 index, a key benchmark index for the London stock exchange, was trading declined around 0.19% on 11 December 2025.
Macro Update: The UK's current macro picture is defined by expectations of a Bank of England interest rate cut to combat weak growth, falling inflation, a subdued housing market, and rising unemployment.
Top Market Movers: Among top gainers on FTSE 100 index, The Magnum Ice Cream Company (LSE: MICC) witnessed a rise of 4.88% followed by Ashtead Group PLC (LSE: AHT) which gained around 4.08%.
Commodity Update: The dollar weakened on Thursday after the Fed cut rates by 25 bps. It delivered an outlook that was less hawkish than expected, encouraging broader utilisation of short positions and expectations of two more cuts next year. Gold rose 0.33% to USD 4,238.45, silver gained 2.37% to USD 62.52, and copper increased 0.49% to USD 11,623.00. Brent crude added 0.40% to USD 62.48 after the U.S. seized a sanctioned tanker near Venezuela, raising supply concerns.
Our Stance: The UK's fragile growth and stagnant productivity remain major concerns, with GDP contracting in September and the unemployment rate rising to 5%, highlighting structural weaknesses and a softening labor market.
FTSE 100: The FTSE gained 9.82 points to 9,665.35 and continues to hold comfortably above the key support zone near 9,200, maintaining a broadly stable structure. The 21-day SMA at 9,649.94 sits close to current levels, reflecting a neutral undertone, while the 50-day SMA at 9,621.11 reinforces broader stability with scope for short-term consolidation. The RSI remains elevated with a slight downward bias. Immediate support is near 8,950, with resistance positioned at 10,000 and 10,120.

Source - EODHD/Others






Please wait processing your request...