7th Apr 2022. 7.44am
Regency View:
Morning Report – Thursday 7th April
FTSE to open at 7,584 (-4 pts)
Wall Street and Asian stocks have continued to weaken after a further hawkish rhetoric from US Federal Reserve…
Tuesday’s hawkish comments from Fed Governor Lael Brainard were followed on Wednesday by the release of minutes from the Fed’s March 15-16 meeting.
The minutes showed deepening concern among policymakers that inflation had broadened through the US economy – increasing the likelihood of aggressive interest rate rises.
| S&P 500 | -0.35% | Bearish for UK stocks |
| Hang Seng | -0.79% | Bullish for UK stocks |
| Gold | -0.10% | Bearish for UK stocks |
| AUD/JPY | -0.31% | Neutral for UK stocks |
| US 10yr Yield | +50pts | Bearish for UK stocks |
After what looked to be a bullish breakout on Tuesday, the market fell back into consolidation mode yesterday…
We’re set to open at the mid-way point of yesterday’s range – an area which has seen the market chop sideways, albeit with an upwards bias for the last two weeks.
FTSE 100 Daily Rolling Futures – Key Levels
| Trading Announcements |
| Parity (PTY) |
| UK Economic Announcements |
| (00:01) RICS Housing Market Survey |
| (07:00) Halifax House Price Index |
| (09:30) PMI Construction |
| International Economic Announcements |
| (07:00) Industrial Production (GER) |
| (10:00) Retail Sales (EU) |
| (13:30) Initial Jobless Claims (US) |
| (13:30) Continuing Claims (US) |
| (20:00) Consumer Credit (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.