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24th Jun 2022. 7.38am

Regency View:

Morning Report – Friday 24th June

FTSE to open at 7,057 (+37 pts)

Stocks on Wall Street held firm yesterday despite a sharp slowdown in eurozone business activity intensifying concerns about the health of the global economy.

However, the global slowdown was reflected on the bond market with US 10yr yields dropping for the second consecutive session (bond prices rallied).

In Asian markets, Hong Kong’s Hang Seng rallied more than 2%, lead by gains in tech giant Alibaba which is trading more than 6% higher today.

S&P 500+0.95%Bullish for UK stocks
Hang Seng+2.21%Bullish for UK stocks
Gold+0.04%Neutral for UK stocks
AUD/JPY+0.16%Neutral for UK stocks
US 10yr Yield-69ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE press down towards Monday’s swing lows.

We’ll be watching closely to see if this support level will hold, but momentum suggests we’re more likely to see a break lower towards the March lows.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Annual Report
Caledonia (CLDN)
UK Economic Announcements
(06:00) Retail Sales (YoY)(May)
International Economic Announcements
(14:00) Michigan Consumer Sentiment Index(Jun)
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.