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2nd Mar 2022. 7.35am

Regency View:

Morning Report – Wednesday 2nd March

FTSE to open at 7,336 (+6 pts)

Oil pushed further above $100 while Asian shares sold off as Russia’s invasion of Ukraine intensified…

Brent crude, the international benchmark for oil, surged past $111 a barrel in early trading, with prices now 16% higher since Putin launched his invasion.

Oil’s rally continued despite the US and 30 other countries saying they would release 60 million barrels from their strategic reserves.

In Asian markets, the Hang Seng index broke to a new 18-month low overnight as investors pull money from emerging markets.

S&P 500-1.55%Bearish for UK stocks
Hang Seng-1.91%Bearish for UK stocks
Gold-0.19%Neutral for UK stocks
AUD/JPY+0.17%Neutral for UK stocks
US 10yr Yield-110ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE reject the descending retracement line and close lower on the session – setting up a retest of key support at around 7,200.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Aviva (AV.)
Nichols (NICL)
Vistry Grp (VTY)
Persimmon (PSN)
Devro (DVO)
Polymetal International (POLY)
Trustpilot (TRST)
Apax Glb (APAX)
Hiscox (HSX)
Krm22 Plc (KRM)
Musicmagpie (MMAG)
Interim Results
Hotel Choc (HOTC)
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) Unemployment Rate (GER)
(12:00) MBA Mortgage Applications (US)
(15:00) ISM Manufacturing (US)
(15:00) ISM Prices Paid (US)
(15:30) Crude Oil Inventories (US)
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.