7th Apr 2022. 7.44am
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.
|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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This research is prepared for general information only and should not be construed as any form of investment advice.