21st Mar 2022. 7.46am
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.
|Spectral Md (SMD)|
|Vh Global Sust. (GSEO)|
|International Economic Announcements|
|(07:00) German Producer Price Index (GER)|
|(16:00) Fed Chair Powell Speech|
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This research is prepared for general information only and should not be construed as any form of investment advice.