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21st Jun 2022. 7.47am

Regency View:

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 500CLOSEDNeutral 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+23ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

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.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Record (REC)
Cropper (J) (CRPR)
International Economic Announcements
(12:30) Chicago Fed National Activity Index (May)
Today’s Financial Diary

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Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.