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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+62ptsBearish for UK stocks
Regency Risk Barometer Snapshot

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.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
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)
Today’s Financial Diary

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Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.