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29th Dec 2021. 7.43am

Regency View:

Morning Report – Wednesday 29th December

FTSE to open at 7,436 (+64 pts)

US stocks tread water yesterday after surging to new highs on Monday, ending a four-day winning streak.

While Asian stocks have weakened as the city of Xian in China entered its seventh day of lockdown after it reported 151 domestically transmitted COVID-19 infections.

S&P 500-0.10%Neutral for UK stocks
Hang Seng-1.02%Bearish for UK stocks
Gold-0.03%Neutral for UK stocks
AUD/JPY+0.09%Neutral for UK stocks
US 10yr Yield+0.28%Bearish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

While the cash market has been closed for the holidays, the FTSE futures broke and closed above key resistance on Monday, albeit on thin volumes.

We’ll watching closely today to see if the cash market can maintain the breakout.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Trading Announcements
International Economic Announcements
(15:00) US Pending Home Sales (Nov)
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.