27th Sep 2022. 7.45am
Morning Report – Tuesday 27th September
FTSE to open at 7,036 (+15 pts)
Stocks on Wall Street closed at the lowest level since December 2020, while US Treasury yields surged 193pts higher.
Asian stocks are broadly flat overnight following yesterday’s heavy losses.
The British Pound has firmed in early trading after hitting the headlines this week for breaking to all-time lows.
|S&P 500||-1.03%||Bearish for UK stocks|
|Hang Seng||+0.05%||Neutral for UK stocks|
|Gold||+0.80%||Bearish for UK stocks|
|AUD/JPY||+0.54%||Bullish for UK stocks|
|US 10yr Yield||+193pts||Bearish for UK stocks|
Yesterday’s price action was choppy and indecisive, but the market did hold at the 7,000 support level that we highlighted in yesterday’s Morning Report.
This morning’s pre-open price action has seen the market start to push higher from the support zone.
|Tinybuild Inc S (TBLD)|
|The Mission Group (TMG)|
|Personal Group (PGH)|
|Animalcare Grp (ANCR)|
|Mortgage Ad (MAB1)|
|Nahl Group (NAH)|
|Ecsc Group (ECSC)|
|Barr (A.G.) (BAG)|
|Yu Group (YU.)|
|Boku Inc. (BOKU)|
|Lifesafe Hldg (LIFS)|
|Gresham House (GRID)|
|K3 Capital Gro. (K3C)|
|International Economic Announcements|
|(09:00) M3 Money Supply (EU)|
|(13:30) Durable Goods Orders (US)|
|(14:00) House Price Index (US)|
|(15:00) New Homes Sales (US)|
|(15:00) Consumer Confidence (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.