FTSE 100

Neutral

Archived analysis from Aug 6, 2026, 8:21 PM

Key insight

11,000 acts as ceiling; earnings deluge and Hormuz diplomacy both priced in — next catalyst needed.

Gave up intraday highs near 10,920 to close flat — 11,000 resistance cap holding firm.

Main risk

AstraZeneca M&A / pharma drag

AZN -6% on BMS merger rumours; largest-cap drag threatens index above 10,900.

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