9th Dec 2021. 7.45am
Regency View:
Morning Report – Thursday 9th December
FTSE to open at 7,368 (+31 pts)
The British pound briefly sank to fresh lows for the year against the US dollar as Boris unveiled his ‘Plan B’ restrictions to curb the spread of Omicron.
However, stock markets continue to shrug off the impact of the new variant with European and US stocks edging higher yesterday and Asian shares have also moved higher overnight…
The Hang Seng is up more than 1% as this morning’s Chinese inflation data was relative stable with its consumer price index showing a 2.3% increase year-on-year.
S&P 500 | +0.31% | Bullish for UK stocks |
Hang Seng | +1.08% | Bullish for UK stocks |
Gold | +0.22% | Bearish for UK stocks |
AUD/JPY | -0.05% | Neutral for UK stocks |
US 10yr Yield | +3.23% | Bearish for UK stocks |
Yesterday’s price action saw the FTSE tread water despite Boris’ Plan B…
As mentioned yesterday’s given the near vertical rally in the market over the last week, we would expect to see some form of sideways consolidation.
Final Results |
On The Beach (OTB) |
Victorian Plum (VIC) |
Interim Results |
Smith (DS) (SMDS) |
Dwf Group (DWF) |
Lendinvest (LINV) |
Watches Switz (WOSG) |
Moonpig Gr (MOON) |
Trading Announcements |
Balfour Beatty (BBY) |
Rolls-Royce Holdings (RR.) |
International Economic Announcements |
(13:30) Initial Jobless Claims (US) |
(07:00) Current Account (GER) |
(10:00) Gross Domestic Product (EU) |
(15:00) Wholesales Inventories (US) |
(07:00) Balance of Trade (GER) |
(13:30) Continuing Claims (US) |
(00:01) RICS Housing Market Survey |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.