5th Jan 2022. 7.43am

Regency View:
Morning Report – Wednesday 5th January
FTSE to open at 7,485 (-20 pts)
US stocks failed to join the party in European stocks yesterday as US traders grew cautious ahead of today’s FOMC minutes…
The US dollar hit five year highs against the Japanese Yen, with currency traders pricing-in further rate hikes from the Fed this year.
Overnight in Asia, the Hang Seng continued its bearish start to the new year with Chinese tech stocks being hit due to tightening regulation from Beijing.
S&P 500 | -0.06% | Neutral for UK stocks |
Hang Seng | -1.26% | Bearish for UK stocks |
Gold | +0.04% | Neutral for UK stocks |
AUD/JPY | -0.21% | Bearish for UK stocks |
US 10yr Yield | +17pts | Bearish for UK stocks |
Boris Johnson’s decision to hold off on further COVID-19 measures saw the FTSE hold onto its opening gains yesterday and put in a strong close.
Both short-term momentum and the dominant trend are firmly bullish, and the market now has the pre-pandemic highs in its sights.
Interim Results |
Trading Announcements |
International Economic Announcements |
13:15 ADP Employment Change (US) |
19:00 FOMC Minutes (US) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.