27th Apr 2022. 7.46am
Regency View:
Morning Report – Wednesday 27th April
FTSE to open at 7,402 (+16 pts)
Wall Street had another wobble yesterday as the US dollar hit its highest level since March 2020…
The S&P 500 dropped -2.81% – taking the index down into the cluster of swing lows that formed in late February and early-March. While the greenback is on track for its best month since January 2015.
Overnight in Asia, the Hang Seng is mildly positive while the Nikkei 225 has mirrored yesterday’s losses on Wall Street.
| S&P 500 | -2.81% | Bearish for UK stocks |
| Hang Seng | +0.18% | Neutral for UK stocks |
| Gold | -0.19% | Neutral for UK stocks |
| AUD/JPY | +1.41% | Bullish for UK stocks |
| US 10yr Yield | -89pts | Bullish for UK stocks |
Yesterday’s price action saw the FTSE futures fall during US trading – taking the market back below Monday’s ‘pin-bar’ lows.
However, this morning’s pre-open price action has seen the market bounce and erase those late-afternoon losses.
FTSE 100 Daily Rolling Futures – Key Levels
| Interim Results |
| Ab Dynamics (ABDP) |
| Wh Smith (SMWH) |
| Q1 Results |
| Glaxosmithkline (GSK) |
| Trading Announcements |
| Network Intl (NETW) |
| Reckitt Ben. Gp (RKT) |
| Aveva Group (AVV) |
| Persimmon (PSN) |
| Fresnillo (FRES) |
| Drax (DRX) |
| Petropavlovsk (POG) |
| Interim Management Statement |
| Lloyds (LLOY) |
| International Economic Announcements |
| (11:30) ECB’s President Lagarde speech (EU) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.