21st Jun 2022. 7.47am
Morning Report – Tuesday 21st June
FTSE to open at 7,132 (+10 pts)
US markets were closed yesterday for the Juneteenth holiday, but the S&P 500 e-mini futures advanced and the safe haven dollar retreated as investors put the global equity sell-off on pause.
Overnight in Asia, stocks have firmed in Hong Kong and Japan with Chinese tech stocks leading the broadbased gains.
|S&P 500||CLOSED||Neutral for UK stocks|
|Hang Seng||+1.20%||Bullish for UK stocks|
|Gold||-0.16%||Neutral for UK stocks|
|AUD/JPY||+0.13%||Neutral for UK stocks|
|US 10yr Yield||+23pts||Neutral for UK stocks|
Yesterday’s price action saw the market rally from the interim support level created by the November swing lows.
This morning’s pre-open price action has seen the market retest the broken support level at 7,157 – an area which may provide resistance moving forward.
|Cropper (J) (CRPR)|
|International Economic Announcements|
|(12:30) Chicago Fed National Activity Index (May)|
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.Create Account
Any Questions? Please feel free to call 0203 973 8007 or email us at email@example.com
This research is prepared for general information only and should not be construed as any form of investment advice.