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14th Jul 2020. 1.13pm

Regency View:

UK Sector Snapshot

Metals & Mining continue to be the standout sector in the FTSE 100 – fueled by a weakening US dollar and large-scale monetary stimulus from the world’s largest central banks, which has raised inflationary expectations for next year.

After taking several profits in the mining sector last week, we are now waiting for the correct technical catalysts in order to increase our exposure to this key sector theme.

The Housebuilding & Construction sector has maintained last week’s burst of bullish momentum created by Chancellor Rishi Sunak’s stamp duty holiday. Star performers in this sector include plumber Ferguson (FERG) and housebuilder Persimmon (PSN). We have price alerts on Ferguson as it coils just below key resistance at 6,757p.

Whilst we’re not yet seeing any sectors break to new lows, we are continuing to see weakness in Utilities, Oil & Gas and Pharma.

FTSE 100 Key Sector Snapshot

FTSE 100 Key Sector Snapshot


This research is prepared for general information only and should not be construed as any form of investment advice.