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1st Aug 2022. 7.47am

Regency View:

Morning Report – Monday 1st August

FTSE to open at 7,418 (-5 pts)

Stocks on Wall Street had a strong finish to last week as traders began to price-in the end of the Fed’s tightening cycle.

Overnight in Asia, stocks have made small gains despite Chinese factory activity in slowing more than analyst expectations in July.

Looking ahead this week, all eyes will be on the Bank of England as its Monetary Policy Committee weighs up how high to raise interest rates in order to bring inflation under control.

Governor Andrew Bailey has previously said an increase of half a percentage point is a possibility — which would be the biggest increase in 27 years.

S&P 500+1.42%Bullish for UK stocks
Hang Seng+0.05%Neutral for UK stocks
Gold-0.18%Neutral for UK stocks
AUD/JPY-0.45%Bearish for UK stocks
US 10yr Yield-26ptsBullish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

The FTSE closed last week above the swing resistance area that we’ve highlighted in previous reports.

This strong finish to the week opens the door for a push towards the 7,600 area.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Hutchmed (HCM)
Spectris (SXS)
GlobalData (DATA)
RHI Magnesita (RHIM)
UK Economic Announcements
(09:30) PMI Manufacturing
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) PMI Manufacturing (GER)
(08:55) PMI Manufacturing (EU)
(10:00) Unemployment Rate (EU)
(14:45) PMI Manufacturing (US)
(15:00) Construction Spending (US)
(15:00) ISM Manufacturing (US)
(15:00) ISM Prices Paid (US)
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.