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24th Aug 2022. 7.45am

Regency View:

Morning Report – Wednesday 24th August

FTSE to open at 7,477 (-11 pts)

Stocks on Wall Street edged lower yesterday following Tuesday’s heavy losses, the S&P 500 is now more than -4% below last week’s highs.

Overnight in Asia, stocks are on track for their eighth straight day of losses after raft of weaker than expected economic data for the region deepened concerns about the health of the global economy.

S&P 500-0.22%Neutral for UK stocks
Hang Seng-1.25%Bearish for UK stocks
Gold-0.15%Neutral for UK stocks
AUD/JPY-0.42%Bearish for UK stocks
US 10yr Yield+28ptsBearish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

Yesterday’s price action saw the market continue to pullback from last week’s highs.

The pace of the pullback remains orderly and there is short-term support at 7,455.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Anglo Pacific (APF)
Argo Blockchai. (ARB)
International Economic Announcements
(12:00) MBA Mortgage Applications (US)
(13:30) Durable Goods Orders (US)
(15:00) Pending Homes Sales (US)
(15:30) Crude Oil Inventories (US)
Today’s Financial Diary

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Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.