18th Jan 2022. 7.39am
Regency View:
Morning Report – Tuesday 18th January
FTSE to open at 7,598 (-13 pts)
Asian stocks have weakened overnight as U.S. Treasury yields hit their highest level in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March.
While oil hit seven-year highs overnight over concerns about supply shocks after Yemen’s Houthi group attacked the United Arab Emirates.
Brent crude, the international benchmark for oil broke past the $86.68 highs reached in October 2018 and November 2021 – adding further pressure to the inflationary backdrop.
| S&P 500 (futures) | -0.19% | Neutral for UK stocks |
| Hang Seng | -0.83% | Bearish for UK stocks |
| Gold | -0.23% | Bullish for UK stocks |
| AUD/JPY | +0.06% | Neutral for UK stocks |
| US 10yr Yield | +45pts | Bearish for UK stocks |
The FTSE continued on its upward trajectory yesterday, closing near its intra-day highs.
Price action on the futures overnight has seen a mild rejection of higher prices and this may set the tone for a retracement day.
FTSE 100 Daily Rolling Futures – Key Levels
| Trading Announcements |
| Hays (HAS) |
| UK Economic Announcements |
| 07:00 Claimant Count Change (Dec) |
| 07:00 ILO Unemployment Rate (3M)(Nov) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.