6th Apr 2022. 7.43am
Regency View:
Morning Report – Wednesday 5th April
FTSE to open at 7,599 (-15 pts)
US Treasury yields hit multi-year highs and stocks on Wall Street moved lower yesterday following hawkish comments from the Fed…
Fed Governor Lael Brainard said that she expected a combination of interest rate rises and a rapid balance sheet runoff to take US monetary policy to a “more neutral position” later this year.
Asian markets have followed Wall Street lower with China’s Caixin Services PMI data coming in below expectations – showing the fastest contraction in the Chinese services sector for more than two years.
| S&P 500 | -1.26% | Bearish for UK stocks |
| Hang Seng | -1.45% | Bearish for UK stocks |
| Gold | -0.21% | Bullish for UK stocks |
| AUD/JPY | +0.24% | Bullish for UK stocks |
| US 10yr Yield | +151pts | Bearish for UK stocks |
The FTSE pushed higher yesterday – ending a week-long consolidation phase. The market now has the major resistance zone created by the Jan and Feb swing highs in its sights.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Hilton Foods (HFG) |
| Epwin Grp (EPWN) |
| Wentworth Res. (WEN) |
| Avacta (AVCT) |
| Gresham House (GRID) |
| Igas Energy (IGAS) |
| International Economic Announcements |
| (07:00) Factory Orders (GER) |
| (08:00) Current Account (GER) |
| (08:00) Balance of Trade (GER) |
| (10:00) Retail Sales (EU) |
| (10:00) Producer Price Index (EU) |
| (12:00) MBA Mortgage Applications (US) |
| (15:50) Crude Oil Inventories (US) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.