5th Aug 2021. 7.44am
Regency View:
Morning Report – Thursday 5th August
FTSE to open at 7,101 (-23 pts)
The S&P 500 posted its narrowest trading range in over seven sessions yesterday – indicating that the market is getting tight ahead of Friday’s non-farm payrolls data.
Overnight in Asia, we’ve seen a mixed session with Hong Hong’s Hang Seng Index erasing most of yesterday’s gains while Japan’s Nikkei 225 Index was in positive territory as the market bounced from long-term support.
| S&P 500 | -0.46% | Bearish for UK stocks |
| Hang Seng | -0.94% | Bearish for UK stocks |
| Gold | -0.07% | Neutral for UK stocks |
| AUD/JPY | +0.41% | Bullish for UK stocks |
| US 10yr Yield | +1.26% | Bullish for UK stocks |
The FTSE failed to maintain its early session strength yesterday as Wall Street weakened.
We have a confluent area of short-term support which includes the ascending trendline (gold dotted line) and the broken highs at 7,100 – we would expect the market to respond to the trendline.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Brickability (BRCK) |
| Frasers Grp (FRAS) |
| Interim Results |
| Centamin PLC (CEY) |
| Evraz (EVR) |
| Glencore (GLEN) |
| Hammerson (HMSO) |
| Ip Group (IPO) |
| Meggitt (MGGT) |
| Mondi (MNDI) |
| Rolls-Royce Holdings (RR.) |
| Secure Trust (STB) |
| Serco (SRP) |
| Spirent (SPT) |
| Synthomer (SYNT) |
| Tritax Big Box (BBOX) |
| Tt Electronics (TTG) |
| WPP (WPP) |
| Q2 Results |
| Ote Ads (OTES) |
| UK Economic Announcements |
| (09:30) PMI Construction |
| (12:00) BoE Interest Rate Decision |
| International Economic Announcements |
| (07:00) Factory Orders (GER) |
| (13:30) Initial Jobless Claims (US) |
| (13:30) Continuing Claims (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.