17th Jan 2022. 7.43am
Regency View:
Morning Report – Monday 17th January
FTSE to open at 7,569 (+26 pts)
US Bank earnings season got off to a dismal start on Friday…
Citigroup shares fell after it reported a 26% drop in fourth-quarter profit, while asset manager BlackRock dropped 2.2% after missing quarterly revenue expectations.
Overnight in Asia, we’ve seen mixed price action with Japan’s Nikkei 225 in up 0.74%, while Hong Kong’s Hang Seng is currently trading -0.73% lower.
Looking ahead this week, we have the continuation of US bank earnings season with the likes of Goldman Sachs and Bank of America reporting their Q4 numbers. Other notable stocks reporting this week include Netflix, Deliveroo and Burberry.
| S&P 500 | +0.08% | Neutral for UK stocks |
| Hang Seng | -0.81% | Bearish for UK stocks |
| Gold | +0.20% | Neutral for UK stocks |
| AUD/JPY | +0.32% | Bullish for UK stocks |
| US 10yr Yield | +79pts | Bearish for UK stocks |
The FTSE futures ended last week at it highs – marking another strong week for the UK’s headline stock index.
Trend and momentum are firmly bullish and the market is now just 100 points away from its pre-pandemic, January 2020 swing highs.
FTSE 100 Daily Rolling Futures – Key Levels
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.