21st Mar 2022. 7.46am
Regency View:
Morning Report – Monday 21st March
FTSE to open at 7,409 (+4 pts)
Asian and European stock futures have lost ground overnight as Ukraine rejected Russian demands to surrender the besieged city of Mariupol…
Hong Kong’s Hang Seng has dropped more than -1% and Brent crude has rallied more than +3% during the early hours.
Looking ahead this week, we have a speech from Fed Chair Jerome Powell this afternoon. And the biggest domestic event this week will be Chancellor Rishi Sunak’s Spring Statement in which he will need to outline a pathway through the sharpest drop in UK living standards since the 1950’s.
| S&P 500 | +1.17% | Bullish for UK stocks |
| Hang Seng | -1.15% | Bearish for UK stocks |
| Gold | +0.19% | Neutral for UK stocks |
| AUD/JPY | -0.18% | Neutral for UK stocks |
| US 10yr Yield | -22pts | Neutral for UK stocks |
After last week’s strong momentum move higher, it wouldn’t be too surprising to see the FTSE take a pause for breath and consolidate sideways.
The cash market is set to open within the middle of Friday’s range.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Spectral Md (SMD) |
| Photo-Me (PHTM) |
| Vh Global Sust. (GSEO) |
| International Economic Announcements |
| (07:00) German Producer Price Index (GER) |
| (16:00) Fed Chair Powell Speech |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.