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30th Mar 2022. 7.45am

Regency View:

Morning Report – Wednesday 30th March

FTSE to open at 7,532 (-5 pts)

Stocks on Wall Street rallied yesterday after a breakthrough in negotiations between Russia and Ukraine…

Ukraine proposed adopting a neutral status while Russia have promised to ‘scale down’ military operations around Kyiv – although this has been met with skepticism from the US, UK and Ukraine.

Asian shares have joined the global stock rally, with Chinese blue-chips listed in Hong Kong jumping nearly 2%.

S&P 500+1.23%Bearish for UK stocks
Hang Seng+1.92%Bullish for UK stocks
Gold+0.33%Bearish for UK stocks
AUD/JPY-0.62%Bearish for UK stocks
US 10yr Yield-62ptsBullish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

The FTSE finally broke and closed above the inside day range which formed last week – taking the market up into short-term swing resistance at 7,568.

The bulls will be looking for the broken top of the inside day to provide support as the market continues its V-shaped recovery from lows of 6,766 reached earlier this month.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Next (NXT)
Michelmersh Brick Holdings (MBH)
Strix Group (KETL)
Gulf Keystone Petroleum (GKP)
Team17 Group (TM17)
Equals Gp (EQLS)
UK Economic Announcements
(00:01) BRC Shop Price Index
(08:30) Mortgage Approvals
(08:30) M4 Money Supply
International Economic Announcements
(07:00) Import Price Index (GER)
(10:00) Consumer Confidence (EU)
(10:00) Business Climate Indicator (EU)
(12:00) MBA Mortgage Applications (US)
(13:30) Gross Domestic Product (US)
(15:30) Crude Oil Inventories (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.