Saturday 20 January 2018

European shares dip after hitting resistance level

EUROPEAN shares pared gains on Friday as the index hit technical resistance around the 1,156 level.

Trading is expected to be subdued as investors avoid making large bets at the end of a volatile quarter.

In morning trade, the FTSEurofirst 300 was down 1.30 points, or 0.1pc, at 1,156.12.

The FTSEurofirst 300 hit a technical resistance at around 1,156 points, corresponding to its 200-day moving average.

Reuters

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