24th Feb 2022. 7.45am
Regency View:
Morning Report – Thursday 24th February
FTSE to open at 7,255 (-243 pts)
Global stocks markets have tumbled and safe havens surged as Vladimir Putin has launched a major military assault on Ukraine.
Putin said Russia did not plan to occupy Ukraine, but said Moscow’s response would be “instant” if anyone tried to stop this.
The key question now is whether Putin will just stick to the disputed eastern Donbas region, or whether Russia will attempt to take the whole of the Ukraine.
| S&P 500 | -1.84% | Bearish for UK stocks |
| Hang Seng | -3.61% | Bearish for UK stocks |
| Gold | +1.69% | Bearish for UK stocks |
| AUD/JPY | -1.24% | Bearish for UK stocks |
| US 10yr Yield | +31pts | Bearish for UK stocks |
Having failed at the top of the retracement channel that we highlighted yesterday, FTSE futures have dropped sharply overnight.
The sell-off has taken prices back to a key level of long-term support at 7,228 (the summer highs and January swing lows).
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Rathbone (RAT) |
| Conduit Hldg (CRE) |
| Derwent London (DLN) |
| Spectris (SXS) |
| Aston Martin Lagonda (AML) |
| Hikma Pharmaceuticals (HIK) |
| Centrica (CNA) |
| Morgan Sindall Group (MGNS) |
| Serco (SRP) |
| St James Place (STJ) |
| Inchcape (INCH) |
| Lloyds (LLOY) |
| Howden Joinery (HWDN) |
| BAE Systems (BA.) |
| Drax (DRX) |
| WPP (WPP) |
| Macfarlane Grp. (MACF) |
| Resolute Mining (RSG) |
| Interim Results |
| Genus (GNS) |
| Hays (HAS) |
| International Economic Announcements |
| (07:00) Gross Domestic Product (GER) |
| (10:00) Economic Sentiment Indicator (EU) |
| (10:00) Consumer Confidence (EU) |
| (13:30) Initial Jobless Claims (US) |
| (13:30) GDP (Preliminary) (US) |
| (15:00) New Homes Sales (US) |
| (15:30) Crude Oil Inventories (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.