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12th Sep 2022. 7.45am

Regency View:

Morning Report – Monday 12th September

FTSE to open at 7,384 (+33 pts)

This morning’s UK GDP data indicated the economy stagnated in the three months to July…

UK output was flat in the three months to July compared to the previous three months, according to data from the Office for National Statistics – economists had predicted a 0.1% expansion.

Overnight in Asia, stocks have pushed higher on the back of bumper semiconductor sales in Taiwan.

Looking ahead this week, we have inflation data from the US and property sector data from China.

And on the domestic front, we have UK inflation figures, labour data and retail sales.

The Bank of England’s Monetary Policy Committee has postponed its monthly rate-setting meeting as a mark of respect after the Queen’s death.

S&P 500+1.53%Bullish for UK stocks
Hang Seng+2.69%Bullish for UK stocks
Gold-0.14%Neutral for UK stocks
AUD/JPY+0.68%Bullish for UK stocks
US 10yr Yield-13ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

Friday’s price action saw the FTSE break higher and end the week in bullish fashion.

This burst of momentum could see the market head higher to retest the top of the long-term wedge pattern (converging gold dotted lines).

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Tirupati Graph. (TGR)
Made Tech (MTEC)
Arcontech Group (ARC)
Interim Results
Sigmaroc (SRC)
Greencoat Rene. (GRP)
M.p. Evans (MPE)
Abcam (ABC)
Kape Tech. (KAPE)
Adriatic Metal. (ADT1)
Trading Announcements
AB Foods (ABF)
UK Economic Announcements
(07:00) Balance of Trade
(07:00) Industrial Production
(07:00) Gross Domestic Product
(07:00) Index of Services
(07:00) Manufacturing Production
Today’s Financial Diary

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Disclaimer:

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