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 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.
Final Results |
Record (REC) |
Cropper (J) (CRPR) |
International Economic Announcements |
(12:30) Chicago Fed National Activity Index (May) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.