13th Dec 2021. 7.46am
Regency View:
Morning Report – Monday 13th December
FTSE to open at 7,305 (+13 pts)
Friday’s US CPI data revealed that inflation hit 6.8% in November – adding further pressure on the Fed to tighten monetary policy.
We’ve seen a quiet Asian session overnight, with stocks, currencies and gold treading water as we head into the European open.
Looking ahead this week, key economic data to watch out for include Chinese retail sales and UK inflation data on Wednesday, and the Bank of England’s rate decision and policy statement on Thursday.
S&P 500 | +0.95% | Bullish for UK stocks |
Hang Seng | -0.10% | Neutral for UK stocks |
Gold | +0.18% | Neutral for UK stocks |
AUD/JPY | -0.10% | Neutral for UK stocks |
US 10yr Yield | -1.01% | Bullish for UK stocks |
After a small pullback towards the end of last week, the FTSE is set to open at the emerging trendline.
Should the FTSE regain some of last week’s momentum, a retest of the early-November highs looks possible this week.
Interim Results |
Trading Announcements |
International Economic Announcements |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.