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Indices Updates by Solid ECN
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[QUOTE="SOLIDECN, post: 217776, member: 80239"] [HEADING=1][JUSTIFY]FTSE 100 - British stock market continues to rise[/JUSTIFY][/HEADING] [JUSTIFY]The British stock market continues its upward movement supported by corporate reporting, as well as by a positive macroeconomic background. According to the UK Office for National Statistics (ONS), Retail Sales rose 0.5% in January after falling 1.2% a month earlier, while the annual rate slowed the decline from -6.1% to -5.1%. In turn, the Core Retail Sales Index on a monthly basis was 0.4% after -1.4% in December, while the annual rate was -5.3% after -6.5% a month earlier. The day before, financial conglomerate Standard Chartered Plc. published its results: revenue was 3.47 billion pounds, after 4.32 billion pounds in the previous quarter, and earnings per share amounted to 0.039 pounds, significantly less than 0.33 pounds, recorded in the previous period. In turn, the consulting company Relx Plc. reported earnings of 4.58 billion pounds, beating analysts' estimates of 4.47 billion pounds, and earnings per share of 0.45 pounds, up from 0.39 pounds in the previous quarter. [img]https://i.ibb.co/YLBMnTK/ftse.png[/img] On the daily chart, the index quotes continue their corrective growth, rising in the direction of the resistance line, and the technical indicators are holding a buy signal. [B]Support levels[/B]: 7925, 7714 | [B]Resistance levels[/B]: 8055, 8250[/JUSTIFY] [/QUOTE]
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