19th Apr 2022. 7.47am
Morning Report – Tuesday 19th April
FTSE to open at 7,614 (-2 pts)
Yesterday’s low-volatility session in the US saw stocks and bonds tread water while gold touched its highest level in more than a month.
Overnight in Asia, the Hang Seng has dropped more than -2% as traders weigh up Friday’s smaller-than-expected rate cut from the Peoples Bank of China (PBoC).
Looking ahead, we have a busy week of corporate earnings in the US as well as speeches from central bankers.
|S&P 500||-0.02%||Neutral for UK stocks|
|Hang Seng||-2.41%||Bearish for UK stocks|
|Gold||-0.15%||Neutral for UK stocks|
|AUD/JPY||+1.36%||Bullish for UK stocks|
|US 10yr Yield||+27pts||Bearish for UK stocks|
The FTSE is set to start the week’s trading at the half-way point between key resistance 7,688 and short-term support at 7,535.
For day traders, this is very much in coin toss territory and we’ll be looking for more decisive signals from today’s price action.
|Jtc Plc (JTC)|
|IntegraFin Holdings (IHP)|
|Kainos Group (KNOS)|
|International Economic Announcements|
|(13:30) Housing Starts (US)|
|(13:30) Building Permits (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.