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3rd Feb 2022. 7.46am

Regency View:

Morning Report – Thursday 3rd February

FTSE to open at 7,582 (-1 pt)

US stocks put in a fourth consecutive day of gains yesterday as strong earnings reports from Alphabet and chipmaker AMD lifted the technology sector.

The Hang Seng remains closed for Chinese New Year, but Japan’s Nikkei 225 has moved lower overnight.

Looking ahead, all eyes will be on the Bank of England’s rate decision and policy statement at lunchtime today.

S&P 500+0.94%Bullish for UK stocks
Hang SengChinese New YearNeutral for UK stocks
Gold-0.14%Neutral for UK stocks
AUD/JPY-0.03%Neutral for UK stocks
US 10yr Yield-16ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

We mentioned in yesterday’s Morning Report that the FTSE may find resistance at last week’s swing highs, and that’s exactly what we saw during yesterday’s session with the index printing a small bearish pin-bar.

If we see a break below yesterday’s low during the opening rotation then we could see a deeper retracement towards Monday’s lows.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Renishaw (RSW)
Q3 Results
Q4 Results
Omv Petrom S (PETB)
Bbva Ord (BVA)
Shell Plc (SHEL)
Trading Announcements
Cranswick (CWK)
Virgin Wines (VINO)
Seeen (SEEN)
UK Economic Announcements
(12:00) BoE Interest Rate Decision
(09:30) PMI Services
International Economic Announcements
(09:00) PMI Manufacturing (EU)
(12:45) ECB Interest Rate (EU)
(13:30) Initial Jobless Claims (US)
(15:00) Factory Orders (US)
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.