20th Dec 2021. 7.40am
Morning Report – Monday 20th December
FTSE to open at 7,136 (-134 pts)
Asian stocks and oil have fallen heavily overnight as surging Omicron cases threatened to drag on the global economy into the New Year…
Hong Kong’s Hang Seng index has broken to new lows for the year, despite China cutting its lending benchmark loan prime rate (LPR) in a bid to prop up growth in its slowing economy.
Looking ahead, this week’s economic calendar is very thin on the ground as the wind-down to Christmas begins…
We have European consumer confidence data on Tuesday, followed by UK GDP and US consumer data on Wednesday.
|S&P 500||-1.03%||Bearish for UK stocks|
|Hang Seng||-2.06%||Bearish for UK stocks|
|Gold||+0.15%||Neutral for UK stocks|
|AUD/JPY||-0.70%||Bearish for UK stocks|
|US 10yr Yield||-1.38%||Bullish for UK stocks|
Having finished the week above the support zone, the FTSE’s futures have taken a tumble overnight…
The cash market is set to open the week’s trading below support, and below last week’s lows. Should prices fail to fightback intra-day, it would setup a very bah humbug start to Christmas week!
|International Economic Announcements|
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This research is prepared for general information only and should not be construed as any form of investment advice.