15th Aug 2022. 7.48am
Regency View:
Morning Report – Monday 15th August
FTSE to open at 7,534 (+33 pts)
Stocks on Wall Street ended last week in fine form with the S&P 500 hitting highs not seen since early May.
Overnight in Asia, the Hang Seng moved lower after China posted weaker-than-expected industrial production and retail sales growth data.
Looking ahead this week, the key event to watch out for is the publication of the Federal Open Market Committee’s latest meeting minutes on Wednesday. This may give some indication of the Fed’s willingness to tighten monetary policy.
S&P 500 | +1.73% | Bullish for UK stocks |
Hang Seng | -0.46% | Bearish for UK stocks |
Gold | -0.56% | Bullish for UK stocks |
AUD/JPY | -0.77% | Bearish for UK stocks |
US 10yr Yield | -56pts | Bullish for UK stocks |
Friday’s price action saw the FTSE daily rolling futures end last week on a strong note – rallying more than 40 points during the US evening session.
The FTSE’s short-term uptrend looks set to see the market retest the early-June highs.
Interim Results |
Thungela Res (TGA) |
Mti Wireless (MWE) |
UK Economic Announcements |
(00:01) RICS Housing Market Survey |
International Economic Announcements |
(07:00) Wholesale Price Index (GER) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.