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24th Jan 2022. 7.45am

Regency View:

Morning Report – Monday 24th January

FTSE to open at 7,465 (-29 pts)

Tensions in Ukraine are starting to impact global markets with Asian stocks growing increasingly wary of a potential conflict…

On Sunday, US President Joe Biden ordered family members of its embassy staff to leave Ukraine because of the threat of “significant military action” against the country by Russia.

Looking ahead this week, the key economic event is Wednesday’s Federal Open Market Committee meeting and interest-rate decision. On the corporate earnings front, we have Apple report quarterly numbers on Thursday.

S&P 500-1.89%Bearish for UK stocks
Hang Seng-1.30%Bearish for UK stocks
Gold+0.20%Neutral for UK stocks
AUD/JPY-0.09%Neutral for UK stocks
US 10yr Yield-48ptsBullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE retraced down into the key support zone we identified in Friday’s Morning Report (the broken November highs at 7,405).

It’s worth noting that the momentum of this retracement has been stronger than the momenutm of the New Year rally – wiping out eight days of gains within two sessions.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Trading Announcements
Computacenter (CCC)
UK Economic Announcements
09:30 Markit Services PMI(Jan) PREL
International Economic Announcements
09:00 (EUR) Markit PMI Composite(Jan) PREL
14:45 (US) Markit Manufacturing PMI(Jan) PREL
Today’s Financial Diary

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