Regency View:

Morning Report – Tuesday 30th November

FTSE to open at 7,022 (-88 pts)

Risk aversion has increased overnight with Asian stocks failing to hold onto early session gains…

Hong Kong’s Hang Seng index has broken to 12-month lows and Japan’s Nikkei 225 is also trading more 1.5% lower as concerns growth that the Omicron variant cannot be contained.

We have also seen safe haven’s Japanese yen and Gold strengthen overnight and European futures are in negative territory as we head into the open.

?Risk Barometer Explained

The FTSE came within touching distance of retesting the resistance zone at 7,200 during yesterday’s relief rally.

However, price action overnight has seen the futures retest Friday’s lows – indicating the relief rally is well and truly over.

For a more detailed look at the key support levels we’re watching on the FTSE and S&P click here.

FTSE 100 Daily Rolling Futures – Key Levels