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9th Feb 2022. 7.44am

Regency View:

Morning Report – Wednesday 9th February

FTSE to open at 7,607 (+40 pts)

Stocks on Wall Street pushed higher yesterday with big tech and banks leading the way.

While marathon talks between President Vladimir Putin and Emmanuel Macron increased hopes that war in Ukraine will be avoided.

Overnight in Asia, stocks have mirrored the rally on Wall Street with both the Hang Seng and Nikkei 225 up more than 1% on the day.

S&P 500+0.84%Bullish for UK stocks
Hang Seng+1.94%Bullish for UK stocks
Gold+0.03%Neutral for UK stocks
AUD/JPY+0.01%Neutral for UK stocks
US 10yr Yield+46ptsBearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE broke higher from the ‘inside day’ pattern that we identified yesterday – re-testing the New Year highs, but the market failed to maintain the breakout and closed back within the inside day.

This rejection of resistance is bearish, but the futures have pushed higher overnight and the market is set to retest the New Year highs at the open.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Lancashire Holdings (LRE)
Smurfit Kappa (SKG)
Interim Results
Pz Cussons (PZC)
Barratt Developments (BDEV)
Dunelm (DNLM)
Q4 Results
Lancashire Holdings (LRE)
Glaxosmithkline (GSK)
Trading Announcements
Grainger plc (GRI)
Discoverie Grp. (DSCV)
International Economic Announcements
15:30 (US) EIA Crude Oil Stocks Change (Feb 4)
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.