3rd Mar 2022. 7.45am
Regency View:
Morning Report – Thursday 3rd March
FTSE to open at 7,412 (-18 pts)
Oil prices continue to accelerate higher as the market prices-in the potential impact of Russian energy sanctions…
Brent crude, the international benchmark for oil has surged past $118, that’s a near 20% rise this week.
In stock markets, Wall Street rallied yesterday to erase all of Tuesday’s losses, while Asian stocks have also had a small bounce.
| S&P 500 | +1.86% | Bullish for UK stocks |
| Hang Seng | +0.50% | Bullish for UK stocks |
| Gold | -0.02% | Neutral for UK stocks |
| AUD/JPY | +0.43% | Bullish for UK stocks |
| US 10yr Yield | +130pts | Bearish for UK stocks |
We’re starting to see volatility contract as the market consolidates – yesterday’s range on the FTSE was the smallest we’ve seen in four sessions.
The FTSE is set to open just below the descending retracement line that we’ve highlighted for the last week.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Taylor Wimpey (TW.) |
| Rentokil Initial (RTO) |
| Cairn Homes (CRN) |
| Admiral (ADM) |
| Melrose (MRO) |
| CRH (CRH) |
| Coats (COA) |
| Bank Pekao Sa (BPKD) |
| Vesuvius (VSVS) |
| Schroders (SDR) |
| Lon.stk.exch (LSEG) |
| Parity (PTY) |
| Entain (ENT) |
| Franchise Brand (FRAN) |
| Meggitt (MGGT) |
| Mondi (MNDI) |
| Hunting (HTG) |
| PageGroup (PAGE) |
| Elementis (ELM) |
| ITV (ITV) |
| Hutchmed (HCM) |
| Spire Healthcare (SPI) |
| Synthomer (SYNT) |
| Empiric (ESP) |
| Interim Results |
| Galliford Try (GFRD) |
| Allergy Thera. (AGY) |
| Avation (AVAP) |
| Dotdigital (DOTD) |
| Darktrace (DARK) |
| International Economic Announcements |
| (09:00) PMI Manufacturing (EU) |
| (10:00) Unemployment Rate (EU) |
| (10:00) Producer Price Index (EU) |
| (13:30) Continuing Claims (US) |
| (13:30) Initial Jobless Claims (US) |
| (14:45) PMI Composite (US) |
| (14:45) PMI Services (US) |
| (15:00) Factory Orders (US) |
| (15:00) ISM Services (US) |
| (15:00) ISM Prices Paid (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.