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