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Lockdowns weigh on optimism – FTSE 100 Market Outlook – 22/01/2021

SquaredFinancial

Stocks in London don’t appear to be moving much with a slightly negative bias expected today as concerns about extended lockdowns weigh on optimism. Today’s economic calendar is set to showcase the damage done during the holidays with manufacturing PMI expected to slide to 53.5 in January from 57.5. Services PMI is expected to fall to 45.2 from 49.4. If the FTSE100 breaches the 6700 support the move will trigger further downside with 6670 and 6620 as targets.

Support: 6750 / 6700
Resistance: 6800/ 6840

SquaredFinancial Daily Market Outlook


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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/lockdowns-weigh-on-optimism-ftse-100-market-outlook-22-01-2021
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