18th Feb 2022. 7.19am
Regency View:
Morning Report – Friday 18th February
FTSE to open at 7,547 (+10 pts)
Stocks on Wall Street sank lower yesterday while safe haven assets rallied, as Biden said Putin was on the brink of invading Ukraine within several days.
In contrast, safe haven assets rallied with gold rallying towards last summer’s highs, bond prices rallied (yields fell), and the Japanese Yen also strengthened.
Overnight in Asia, we’ve seen an easing of some of the risk aversion with gold and the Japanese yen dropping back, but Asian stocks have weakened.
| S&P 500 | -2.12% | Bearish for UK stocks |
| Hang Seng | -1.16% | Bearish for UK stocks |
| Gold | -0.42% | Bullish for UK stocks |
| AUD/JPY | +0.49% | Bullish for UK stocks |
| US 10yr Yield | -66pts | Bullish for UK stocks |
Yesterday’s price action saw the FTSE press down into the inside day pattern lows – a level which coincides with short-term support.
Early trading on the futures has seen the market bounce from this support level.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Natwest Grp (NWG) |
| Pod Point (PODP) |
| TBC Bank Group (TBCG) |
| Segro (SGRO) |
| Renewables Infrastructure Group (TRIG) |
| Interim Results |
| City Of London Investment (CTY) |
| Q4 Results |
| Natwest Grp (NWG) |
| UK Economic Announcements |
| (00:01) GFK Consumer Confidence |
| (07:00) Retail Sales |
| International Economic Announcements |
| (09:00) Current Account (EU) |
| (10:00) Consumer Price Index (EU) |
| (15:00) Existing Home Sales (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.