13th Oct 2022. 7.42am
Morning Report – Thursday 13th October
FTSE to open at 6,812 (-14 pts)
PLEASE NOTE: Tomorrow will be our last Morning Report bulletin. Moving forward, we will be focusing on our trader education service, Regency Academy. You can sign up to our FREE course, Seven Secrets of Price Action Trading by CLICKING HERE.
Stocks on Wall Street edged lower again yesterday as traders braced themselves for today’s key US inflation data.
Overnight in Asia, Shanghai is ramping up prevention measures to combat a recent jump in Covid-19 cases, compounding fears of disruption returning to China’s biggest city.
|S&P 500||-0.33%||Bearish for UK stocks|
|Hang Seng||-1.27%||Bearish for UK stocks|
|Gold||-0.29%||Bullish for UK stocks|
|AUD/JPY||-0.08%||Neutral for UK stocks|
|US 10yr Yield||-59pts||Bullish for UK stocks|
The FTSE has continued to press down towards the bottom of the long-term support zone created by the March spike lows.
|UK Economic Announcements|
|(00:01) RICS Housing Market Survey|
|International Economic Announcements|
|(07:00) Consumer Price Index (GER)|
|(13:30) Consumer Price Index (US)|
|(13:30) Continuing Claims (US)|
|(13:30) Initial Jobless Claims (US)|
|(15:30) Crude Oil Inventories (US)|
|(16:30) Crude Oil Inventories (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.