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EU members will vote on a proposal to impose tariffs on Chinese-made electric vehicles, with definitive tariffs potentially applying for five years. The European Commission continues negotiations with China and faces potential Chinese retaliation. Final decisions are due by October 30.
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Governor Andrew Bailey hints that borrowing costs could come down faster if inflation stays in line.
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A bearish candle suggests further market weakness. Traders should "sell on rise" and only buy above 26,000. Key levels to watch are support at 25,000 and 24,750, and resistance at 25,500. Breaking below support could trigger more declines, while hitting resistance may limit any upward movement, according to Hardik Matalia of Choice Broking.
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News and Media
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