1st Mar 2022. 7.45am
Regency View:
Morning Report – Tuesday 1st March
FTSE to open at 7,442 (-16 pts)
Financial markets have regained some composure during the last 24hrs with Wall Street ending yesterday’s session in mildly negative territory, and Asian stocks bouncing from lows overnight.
High-level talks between Kyiv and Moscow on Monday ended with no agreement except to keep talking, and Putin’s ‘end-game’ remains unclear.
| S&P 500 | -0.24% | Bearish for UK stocks |
| Hang Seng | +0.81% | Bullish for UK stocks |
| Gold | -0.11% | Neutral for UK stocks |
| AUD/JPY | +0.44% | Bullish for UK stocks |
| US 10yr Yield | -77pts | Bullish for UK stocks |
Yesterday’s price action saw the FTSE consolidate sideways within Friday’s large range.
Prices remain just below the descending retracement line which has formed during the last month, while Friday’s high on the futures at 7,568 is a key level of short-term resistance while 7,216 remains a key level of support.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Getbusy (GETB) |
| Travis Perkins (TPK) |
| Abrdn Plc (ABDN) |
| Man (EMG) |
| Intertek Group (ITRK) |
| Vitec (VTC) |
| Quartix Tech (QTX) |
| RHI Magnesita (RHIM) |
| IWG (IWG) |
| Croda International (CRDA) |
| Rotork (ROR) |
| Xp Power (XPP) |
| Uniphar Plc (UPR) |
| Flutter Ent (FLTR) |
| Pphe Hotel (PPH) |
| Interim Results |
| Rev Bars (RBG) |
| Pci-pal (PCIP) |
| UK Economic Announcements |
| (09:30) PMI Manufacturing |
| (09:30) Consumer Credit |
| (09:30) Mortgage Approvals |
| (09:30) M4 Money Supply |
| International Economic Announcements |
| (07:00) Retail Sales (GER) |
| (08:55) PMI Manufacturing (GER) |
| (14:45) PMI Manufacturing (US) |
| (15:00) Construction Spending (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.