20th Sep 2022. 7.47am
Morning Report – Tuesday 20th September
FTSE to open at 7,276 (+40 pts)
Stocks on Wall Street pushed higher yesterday, but it was the bond market which dominated the headlines with yields on US government debt reaching their highest levels in over a decade…
The yield on 10-year Treasuries, a benchmark for global borrowing costs, pushed above 3.5% for the first time since April 2011 as investors sold the bonds ahead of the Fed’s rate decision and policy statement on Wednesday.
Overnight in Asia stocks in Hong Kong have rallied more than 1% higher as the Peoples Bank of China kept its headline interest rate unchanged.
|S&P 500||+0.69%||Bullish for UK stocks|
|Hang Seng||+1.03%||Bullish for UK stocks|
|Gold||-0.09%||Neutral for UK stocks|
|AUD/JPY||-0.02%||Neutral for UK stocks|
|US 10yr Yield||+48pts||Bearish for UK stocks|
Whilst the cash market was closed yesterday, the FTSE 100 daily rolling futures remained open, and prices formed a small bullish hammer candle.
|Litigation Cap. (LIT)|
|Brown Advisory (BASC)|
|Distrib. Fin. (DFCH)|
|Cambridge Cog (COG)|
|Gaming Realms (GMR)|
|Ekf Diagnostics (EKF)|
|Alliance Pharma (APH)|
|Jadestone Energy (JSE)|
|Elixirr Int. (ELIX)|
|Spectral Md (SMD)|
|First Tin (1SN)|
|International Economic Announcements|
|(07:00) Producer Price Index (GER)|
|(13:30) Building Permits (US)|
|(09:00) Current Account (EU)|
|(13:30) Housing Starts (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.