17th Feb 2022. 7.42am
Regency View:
Morning Report – Thursday 17th February
FTSE to open at 7,580 (-24 pts)
Yesterday’s FOMC minutes indicated that some Fed policymakers were cautious about the risks of damaging markets and the wider economy by tightening policy too quickly…
The less slightly less hawkish tone to the minutes prompted a mild fightback from the S&P, taking the market back into small positive territory for the session.
While overnight in Asia, stocks have tread water with the Hang Seng flat on the session and the Nikkei 225 in mild negative territory.
| S&P 500 | +0.09% | Neutral for UK stocks |
| Hang Seng | +0.02% | Neutral for UK stocks |
| Gold | +0.30% | Bearish for UK stocks |
| AUD/JPY | -0.17% | Neutral for UK stocks |
| US 10yr Yield | -2 pts | Neutral for UK stocks |
The FTSE remains locked within the inside day pattern (Monday’s range) that we identified yesterday…
We mentioned in yesterday’s Morning Report that the parameters of this pattern will be important in determining our directional bias on the market and this remains very much the case.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Standard Chartered (STAN) |
| HarbourVest Private Equity (HVPE) |
| Reckitt Ben. Gp (RKT) |
| Trading Announcements |
| Aveva Group (AVV) |
| Safestore (SAFE) |
| International Economic Announcements |
| (13:30) Housing Starts (US) |
| (13:30) Retail Sales (US) |
| (13:30) Continuing Claims (US) |
| (13:30) Philadelphia Fed Index (US) |
| (13:30) Initial Jobless Claims (US) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.