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12th Jan 2022. 7.42am

Regency View:

Morning Report – Wednesday 12th January

FTSE to open at 7,538 (+47 pts)

Wall Street rallied yesterday as Fed Chair Jay Powell made assurances that the central bank would act to curb inflation before it gets out of control…

Addressing the Senate, Powell said high inflation had taken a “toll” and the Fed would act to prevent it from “becoming entrenched”. The comments come ahead of today’s US Consumer Price Index data for December.

Asian stocks have followed Wall Street higher and it is also worth noting that oil (Brent crude) has touched pre-Omicron highs in early trading.

S&P 500+0.92%Bullish for UK stocks
Hang Seng+2.52%Bullish for UK stocks
Gold-0.24%Bullish for UK stocks
AUD/JPY+0.06%Neutral for UK stocks
US 10yr Yield-17ptsBullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE broke out from the small bull flag consolidation pattern that we highlighted in yesterday’s Morning Report.

With the FTSE futures continuing higher in early trading, the cash market is set to open at last week’ swing highs.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Gateley Hldgs (GTLY)
Trading Announcements
Sainsbury (J) (SBRY)
Nichols (NICL)
International Economic Announcements
13:30 Consumer Price Index ex Food & Energy (US)
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.