4th Mar 2022. 7.21am
Regency View:
Morning Report – Friday 4th March
FTSE to open at 7,162 (-77 pts)
Global commodity prices are on track for their biggest weekly rally in more than 50 years, as the war in Ukraine triggers a supply crisis in raw materials.
While overnight, a fire broke out at Europe’s largest nuclear power plant in Ukraine after a Russian attack, causing Asian stocks and European futures to drop sharply.
Looking ahead today, traders will be watching this afternoon’s non-farm payrolls number. Regency account holders will receive our Non-Farm Payrolls Preview later this morning.
| S&P 500 | -0.53% | Bearish for UK stocks |
| Hang Seng | -2.60% | Bearish for UK stocks |
| Gold | -0.03% | Neutral for UK stocks |
| AUD/JPY | +0.34% | Bullish for UK stocks |
| US 10yr Yield | -43pts | Bullish for UK stocks |
Yesterday’s price action saw the FTSE retest the descending retracement line early in the session before selling off and ending the day just above key support.
During the early hours, the futures have broken support – retesting the December swing lows at 7,099. We have started to see a bit of a bounce as we head towards the opening bell.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Morgan Advanced Materials (MGAM) |
| F.b.d.hldgs (FBH) |
| Essentra (ESNT) |
| Hammerson (HMSO) |
| Tcs Group S (TCS) |
| International Economic Announcements |
| (13:30) Unemployment Rate (US) |
| (13:30) Non-Farm Payrolls (US) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.