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1st Apr 2022. 7.45am

Regency View:

Morning Report – Friday 1st April

FTSE to open at 7,526 (+10 pts)

Stocks on Wall Street slumped yesterday as the S&P 500 index posted its biggest quarterly decline in two years.

While Vladimir Putin threatened to halt contracts supplying Europe with a third of its gas unless they are paid in rubles. And the US announced the biggest release of reserve oil in history with 180 million barrels of oil from the US emergency stockpile hitting the market.

Overnight in Asia, Chinese-focused stocks have eased as Shanghai expands its Covid-19 lockdown.

Looking ahead today, we have US non-farm payrolls data hitting our screens this afternoon, Regency account holders will receive our Non-Farm Payrolls Preview later this morning.

S&P 500-1.57%Bearish for UK stocks
Hang Seng-0.35%Bearish for UK stocks
Gold-0.10%Neutral for UK stocks
AUD/JPY+0.54%Bullish for UK stocks
US 10yr Yield-9ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

As indicated in yesterday’s Morning Report, the FTSE found resistance at the top of the inside day pattern which formed on Wednesday…

The market rejected resistance and sank straight to the bottom of the inside day range.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Trading Announcements
Pennon (PNN)
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) PMI Manufacturing (GER)
(09:00) PMI Manufacturing (EU)
(13:30) Non-Farm Payrolls (US)
(13:30) Unemployment Rate (US)
(14:45) PMI Manufacturing (US)
(15:00) Construction Spending (US)
(15:00) ISM Manufacturing (US)
Today’s Financial Diary

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