21st Dec 2021. 7.43am
Morning Report – Tuesday 21st December
FTSE to open at 7,281 (+83 pts)
Wall Street fell to within touching distance of its December lows yesterday as positive COVID-19 case counts rose and President Joe Biden’s social spending and climate bill hit a significant setback.
Asian shares have shrugged off the Wall Street sell-off and are set to post their strongest day in over two weeks, with the Hang Seng and Nikkei 225 up more than 1.3%.
European futures have also been given a lift in early trading, albeit on thin volumes as we head into the holidays.
|S&P 500||-1.14%||Bearish for UK stocks|
|Hang Seng||+1.37%||Bullish for UK stocks|
|Gold||+0.04%||Neutral for UK stocks|
|AUD/JPY||+0.35%||Bullish for UK stocks|
|US 10yr Yield||+3.25%||Bearish for UK stocks|
The FTSE futures fought back in impressive fashion yesterday, forming a very large ‘hammer’ candle pattern at the support zone.
Futures prices have continued higher overnight to mark a strong turnaround as we head into the open, setting the market up for a Santa rally!
|International Economic Announcements|
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This research is prepared for general information only and should not be construed as any form of investment advice.