26th May 2022. 7.46am
Regency View:
Morning Report – Thursday 26th May
FTSE to open at 7,519 (-4 pts)
Stocks on Wall Street rallied yesterday as minutes from the Federal Reserve’s latest monetary policy meeting came in-line with expectations…
The FOMC revealed that most of the committee’s members judged that the US economy was strong enough to abosorb further rate hikes at its upcoming June and July meetings.
However, the positivity on Wall Street has not followed through into the Asian session, with stocks weakening in Hong Kong and Japan.
| S&P 500 | +0.95% | Bullish for UK stocks |
| Hang Seng | -1.01% | Bearish for UK stocks |
| Gold | -0.36% | Bullish for UK stocks |
| AUD/JPY | -0.29% | Bearish for UK stocks |
| US 10yr Yield | -3pts | Neutral for UK stocks |
Yesterday’s price action saw the FTSE break above 7,536 resistance only to fade and close back below it – forming a small bearish reversal candle.
A swift break below yesterday’s lows during the opening rotation could lead to a retest of Tuesday’s lows.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Johnson Matthey (JMAT) |
| Caledonia (CLDN) |
| Intermediate Capital (ICP) |
| Auto Trader (AUTO) |
| United Utilities (UU.) |
| Interim Results |
| Aj Bell (AJB) |
| IntegraFin Holdings (IHP) |
| Trading Announcements |
| Kingfisher (KGF) |
| United Utilities (UU.) |
| International Economic Announcements |
| (12:30) Gross Domestic Product Annualized (Q1) (USD) |
| (12:30) Initial Jobless Claims(May 20) (USD) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.