19th Aug 2022. 7.39am
Regency View:
Morning Report – Friday 19th August
FTSE to open at 7,538 (-4 pts)
The S&P 500 printed its narrowest daily range in over seven sessions yesterday as the indexed edged higher on mixed economic data…
US home sales dropped for their sixth straight month, while US weekly jobless claims and Philadelphia Fed manufacturing data beat expectations.
Overnight in Asia, stocks have had a quiet session with the Hang Seng and Nikkei 225 drifting lower.
And this morning’s UK consumer confidence data hit a record low as the cost of living crisis continues to deepen.
S&P 500 | +0.23% | Bullish for UK stocks |
Hang Seng | -0.05% | Neutral for UK stocks |
Gold | -0.06% | Neutral for UK stocks |
AUD/JPY | +0.38% | Bullish for UK stocks |
US 10yr Yield | +17pts | Neutral for UK stocks |
Yesterday’s price action saw the FTSE fight back from early-session lows – driving higher throughout the cash market session and during after hours trading – forming a small bullish ‘hammer’ candle in the process.
UK Economic Announcements |
(00:01) GFK Consumer Confidence |
(07:00) Public Sector Net Borrowing |
(07:00) Retail Sales |
(07:00) Retail Price Index |
International Economic Announcements |
(07:00) Producer Price Index (GER) |
(09:00) Current Account (EU) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.