7th Jan 2022. 7.40am
Morning Report – Friday 7th January
FTSE to open at 7,441 (-9 pts)
Stocks on Wall Street tread water yesterday as Wednesday’s ‘tech wreck’ settled into choppy sideways trading.
While overnight in Asian stocks excluding Japan have had strong session with Hong Kong’s Hang Seng jumping 1.65%.
Looking ahead, we have European inflation and retail sales numbers hitting our screens mid-morning, and the first US nonfarm payrolls of the year this afternoon.
Regency account holders will receive our Nonfarm Payrolls Preview later this morning which will include key levels to watch on the S&P 500.
|S&P 500||-0.10%||Neutral for UK stocks|
|Hang Seng||+1.65%||Bullish for UK stocks|
|Gold||+0.01%||Neutral for UK stocks|
|AUD/JPY||+0.03%||Neutral for UK stocks|
|US 10yr Yield||+18pts||Bearish for UK stocks|
As highlighted in yesterday’s Morning Report, we saw the broken November highs provide support as the market bounced early session lows.
The FTSE needs to end the week above 7,464 to prevent a bearish pin-bar pattern forming on the weekly candle chart.
|International Economic Announcements|
|(10:00) Consumer Price Index (EU)|
|(10:00) Retail Sales (EU)|
|(13:30) Nonfarm Payrolls (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 Account
This research is prepared for general information only and should not be construed as any form of investment advice.