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16th Feb 2022. 7.44am

Regency View:

Morning Report – Wednesday 16th February

FTSE to open at 7,604 (-5 pts)

Wall Street rallied for the first time in three sessions yesterday as after Russia said it had begun pulling some troops back to their bases. Brent crude also pulled back from trend highs as tensions eased.

Overnight in Asia, stocks have mirrored the rally on Wall Street with the Hang Seng and Nikkei firmly in positive territory.

While this morning’s UK inflation data saw consumer prices rise at annual rate of 5.5%, more than analysts expected and its fastest pace since 1992.

Looking ahead this afternoon we have US retail sales and FOMC minutes, which are sure to get the market’s attention given the current inflationary environment.

S&P 500+1.58%Bullish for UK stocks
Hang Seng+1.30%Bullish for UK stocks
Gold+0.10%Neutral for UK stocks
AUD/JPY+0.38%Bullish for UK stocks
US 10yr Yield+60ptsBearish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action on the FTSE saw the market bounce from support, but remain within Monday’s range – forming an ‘inside day’ pattern.

The parameters of the inside day (Monday’s range) become significant with a break above / below being a signal of directional bias.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Segro (SGRO)
Primary Health (PHP)
Indivior (INDV)
Kerry (KYGA)
Interim Results
BHP Group (BHP)
UK Economic Announcements
(07:00) Retail Price Index
(07:00) Consumer Price Index
(07:00) Producer Price Index
International Economic Announcements
(13:30) Retail Sales (MoM) (Jan)
(19:00) FOMC Minutes
Today’s Financial Diary

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