24th Mar 2022. 7.44am
Morning Report – Thursday 24th March
FTSE to open at 7,470 (+9 pts)
Stocks on Wall Street erased almost all of Tuesday’s gains yesterday as the recent recovery started to run out of steam.
Overnight in Asia, stock prices have been volatile as more hawkish comments from Fed officials and the ongoing uncertainty of the Ukraine war left traders uneasy.
Looking ahead, traders attention will be on this afternoon’s US durable goods orders and initial jobless claims.
|S&P 500||-1.23%||Bearish for UK stocks|
|Hang Seng||-0.75%||Bearish for UK stocks|
|Gold||-0.14%||Neutral for UK stocks|
|AUD/JPY||+0.18%||Neutral for UK stocks|
|US 10yr Yield||-97pts||Bullish for UK stocks|
The FTSE failed to maintain its winning run yesterday as the market rejected higher prices and closed lower on the session.
Yesterday’s high at 7,520 is likely to provide some short-term resistance, while the market has the emerging ascending trendline for support.
|Secure Trust (STB)|
|Eve Sleep (EVE)|
|Bonhill Group (BONH)|
|Venture Life (VLG)|
|Wag Payment (WPS)|
|Atalaya Mining (ATYM)|
|Starwood Eur (SWEF)|
|International Economic Announcements|
|(13:30) Durable Goods Orders (US)|
|(13:30) Current Account (US)|
|(13:30) Continuing Claims (US)|
|(13:30) Initial Jobless Claims (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.