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28th Jun 2022. 7.47am

Regency View:

Morning Report – Tuesday 28th June

FTSE to open at 7,317 (+59 pts)

Wall Street’s recovery ran out of steam yesterday with the S&P 500 edging lower after strong gains on Friday.

Oil prices have pushed higher despite G7 members exploring ways of curbing energy costs, including possible caps on the price of oil and gas.

Overnight in Asia, the Hang Seng is set for its fourth consecutive session of gains after China’s central bank governor pledged to maintain an accommodative monetary stance and stressed that its inflationary outlook was “stable”.

S&P 500-0.30%Bearish for UK stocks
Hang Seng+0.62%Bullish for UK stocks
Gold+0.30%Bearish for UK stocks
AUD/JPY+0.57%Bullish for UK stocks
US 10yr Yield+74ptsBearish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

As mentioned in yesterday’s Morning Report, Friday’s strong, counter-momentum rally could setup a more substantial rally back towards the 7,400 mid-range area.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Wise Plc (WISE)
International Economic Announcements
(08:00) ECB’s President Lagarde speech
(13:00) US Housing Price Index (MoM)(Apr)
(13:00) S&P/Case-Shiller Home Price Indices (YoY)(Apr)
(14:00) US Consumer Confidence (Jun)
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.