16th January 2012
The UK's blue chip index has seen an unstable session of trading on Monday (January 16th), with top shares swinging from gains to losses and back again throughout the day.
A rise of just 0.07 per cent has been seen so far today on the FTSE 100, with leading shares standing in negative territory for much of the morning, the Daily Telegraph reports.
"This week may require a little caution," Sandy Jadeja, chief technical analyst at City Index, told the news provider.
"After reaching above resistance levels we did see the stock indices pullback to almost where they had started."
Last week, the index was pushing upwards as it looked to breach the 5,700 mark for just the fourth time since October last year.
This groundswell in confidence was brought about through renewed hopes that a recovery could be underway in Europe, although action by ratings agency Standard & Poor to downgrade nine eurozone nations over the weekend appears to put an end to this sentiment for now.
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