25th Feb 2022. 7.43am
Morning Report – Friday 25th February
FTSE to open at 7,292 (+85 pts)
Stocks on Wall Street swung wildly yesterday as Russia’s invasion of Ukraine significantly increased geopolitical risk throughout Europe.
European natural gas prices soared by almost 70 per cent and crude oil surged above $105 a barrel for the first time since 2014.
Asian stocks have had a mixed session with the Hang Seng in negative territory and the Nikkei 225 rebounding higher.
|S&P 500||+1.50%||Bullish for UK stocks|
|Hang Seng||-0.71%||Bearish for UK stocks|
|Gold||+0.73%||Bearish for UK stocks|
|AUD/JPY||+0.45%||Bullish for UK stocks|
|US 10yr Yield||-2 pts||Neutral for UK stocks|
Having plunged lower at yesterday’s open, the FTSE managed to defend support at 7,228.
This support level, along with yesterday’s low becomes a key area to watch as we head into the weekend.
|Jupiter Fund Management (JUP)|
|Romgaz S (SNGR)|
|Euro Opps Tr. (EOT)|
|International Economic Announcements|
|(07:00) Gross Domestic Product (GER)|
|(09:00) M3 Money Supply (EU)|
|(10:00) Consumer Confidence (EU)|
|(10:00) Economic Sentiment Indicator (EU)|
|(13:30) Durable Goods Orders (US)|
|(15:00) Pending Homes Sales (US)|
|(15:00) U. of Michigan Confidence (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.