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On Tuesday, London stocks initially declined, following the trend of weakness in Asian markets due to the cautious stance on inflation by U.S. Federal Reserve officials. However, AstraZeneca's gains helped limit the overall market losses. The FTSE 100, recovered to trade up by 0.24%. Investor confidence wavered as Federal Reserve officials on Monday refrained from confirming that inflation is progressing towards the central bank's target. This reluctance also contributed to a decrease in commodity prices. Traders also refrained from making significant investments in anticipation of Bank of England Governor Andrew Bailey's speech at the London School of Economics later in the day, as well as the release of domestic consumer prices (CPI) on Wednesday.

AstraZeneca's stock sees a 1% increase, making it one of the top percentage gainers on the FTSE 100 index. The company aims to achieve a 75% revenue growth to $80 billion by 2030, driven by the anticipated launch of 20 new medicines and expansion in its existing oncology, biopharmaceuticals, and rare disease portfolio. Analysts at JPMorgan anticipate a potential 20% increase in the company's consensus revenue for 2030. They expect further details on AstraZeneca's long-term strategy to be revealed at an investor event later in the day. The stock has risen by 14% year-to-date as of the last close.

BT Group has delayed the shutdown of its analogue Public Switched Telephone Network (PSTN) to the end of January 2027, providing more time for customers to switch to a modern fibre network. This decision is in response to the decreasing use of old network technologies and devices, which are being replaced by the advantages of fibre networks, such as Voice over IP (VoIP) and video conferencing. BT intends to migrate over 14 million copper lines to the fibre network, discontinuing the related legacy services and wholesale line rental products. Howard Watson, BT Group's Chief Security and Networks Officer, highlighted efforts to minimise disruptions for customers who still depend on PSTN lines. The news has seen the telecommunications giant sink to the bottom of the blue chip index shedding over 3%

FTSE Bias: Bullish Above Bearish below 8389

• Below 8300 opens 8050
• Primary support 8200
• Primary objective 8573
• 5 Day VWAP bullish
• 20 Day VWAP bullish

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