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23rd Aug 2021. 7.44am

Regency View:

Morning Report – Monday 23rd August

FTSE to open at 7,138 (+50 pts)

Wall Street’s strong’s finish on Friday has set the tone for a bullish Asian session with Hong Kong’s Hang Seng Index bouncing from it’s July lows.

Looking ahead this week; we have IHS Markit Composite Purchasing Managers’ Index (PMI) data from France, eurozone, Germany, Japan, UK, US – this data is seen as a useful tool for comparing the relative economic progress of these countries…

We also have consumer confidence data from the EU, Germany and France, and quarterly gross domestic product estimates for Germany and the US.

S&P 500+0.81%Bullish for UK stocks
Hang Seng+1.39%Bullish for UK stocks
Gold+0.25%Bearish for UK stocks
AUD/JPY+0.47%Bullish for UK stocks
US 10yr Yield+1.44%Bullish for UK stocks
Regency Risk Barometer Snapshot

On Friday, the FTSE consolidated within Thursday’s range – forming an ‘inside day’ pattern.

In early trading this morning, we’ve seen the FTSE futures break above the inside day. This is clearly a bullish sign, and should the market maintain the breakout during the opening rotations, it should set the tone for a strong start to the week.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Batm Advanced (BVC)
Acron Regs (AKRN)
International Economic Announcements
(09:00) IFO Expectations (GER)
(09:00) IFO Business Climate (GER)
(09:00) IFO Current Assessment (GER)
(15:00) Existing Home Sales (US)
Today’s Financial Diary

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