12th Apr 2022. 7.46am
Regency View:
Morning Report – Tuesday 12th April
FTSE to open at 7,565 (-53 pts)
Stocks on Wall Street wobbled yesterday as the yield on US treasury’s continued to march higher…
The relentless run in treasury yields comes ahead of today’s US inflation data which could foreshadow even more aggressive interest rate hikes from the Fed.
Overnight in Asia, Chinese stocks have bounced as signs emerged that some Covid-19 restrictions were starting to ease in Shanghai.
While in other news, the Ukraine is claiming that Russia has used chemical weapons in Mariupol, which may have implications for NATO escalation.
S&P 500 | -1.69% | Bearish for UK stocks |
Hang Seng | +0.98% | Bullish for UK stocks |
Gold | +0.18% | Neutral for UK stocks |
AUD/JPY | +0.40% | Bullish for UK stocks |
US 10yr Yield | +57pts | Bearish for UK stocks |
We saw a clear rejection of resistance yesterday, causing the FTSE to erase all of Friday’s gains.
With the futures breaking below yesterday’s low in early trading, the cash market looks set to retest last week’s cluster of short-term support at7,535.
Final Results |
JD Sports (JD.) |
Northbridge Ind (NBI) |
UK Economic Announcements |
(06:00) Claimant Count Change (Mar) |
(06:00) ILO Unemployment Rate (3M)(Feb) |
International Economic Announcements |
(06:00) Harmonized Index of Consumer Prices (EUR) |
(08:00) ECB Bank Lending Survey (EUR) |
(12:30) Consumer Price Index (US) |
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.
Create AccountAny Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital
Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.