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FTSE awaits GDP data

FXStreet (Mumbai) - The UK equity markets are trading marginally lower as the investors await UK Q3 GDP data.

The Ftse is trading 0.28% lower at 6401. Levels, after having recovered from the day’s low of 6370. The index breadth is negative with an advance decline ratio of 30:70. The index is being hurt by the telecom stocks which are down by 2.53%. Meanwhile the electrical and electronic equipment stocks have gained 1.16%.

The UK Q3 GDP data due for release at 8:30 GMT is likely to show that the growth rate slowed down to 3.0% year-on-year, compared to the last quarter’s growth rate of 3.2%.

Ftse Technical levels

The index has an immediate resistance at 6446 (Oct. 2 low), above which the index can rise to 6528 levels. On the flip side, prices may fall to 6237 levels, if the immediate support at 6343 is breached.

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