8th Apr 2022. 7.32am
Regency View:
Morning Report – Friday 8th April
FTSE to open at 7,612 (+60 pts)
US stocks held firm yesterday despite the yield on government bonds continuing to push higher following those hawkish Fed comments we saw earlier in the week.
While Nato member states have agreed to supply new types of advanced weaponry to Ukraine as Russia mounts a fresh offensive in the Donbas region (eastern Ukraine).
Overnight in Asia, stocks have been mixed with Hong Kong’s Hang Seng in small negative territory and Japan’s Nikkei 225 in small positive territory.
S&P 500 | +0.43% | Bullish for UK stocks |
Hang Seng | -0.29% | Bearish for UK stocks |
Gold | -0.04% | Neutral for UK stocks |
AUD/JPY | +0.09% | Neutral for UK stocks |
US 10yr Yield | +62pts | Bearish for UK stocks |
Yesterday’s price action saw the FTSE futures rally from Wednesday’s low as we neared the cash market close – setting up a positive start to today’s trading.
This reluctance to drop underlines the current strength in the market and probabilities favour a retest of the February highs.
Trading Announcements |
CMC Markets (CMCX) |
International Economic Announcements |
(11:15) ECB’s Panetta Speech (EU) |
(12:30) Net Employment Change (Mar) (CAD) |
(12:30) Unemployment Rate (Mar) (CAD) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.