25th Oct 2021. 7.44am
Morning Report – Monday 25th October
FTSE to open at 7,234 (+29 pts)
The Hang Seng has held firm overnight despite the Chinese Parliament announcing on Saturday that it will roll out a pilot real estate tax in some regions – it’s latest regulatory clampdown.
This week, the environment will be top of everyone’s agenda as the UN Climate Change Conference kicks off in Glasgow.
We also have a busy week of US earnings with the giants of global tech featuring heavily; Amazon, Apple, Microsoft, Alphabet, Spotify, Twitter and Facebook are all reporting.
|S&P 500||-0.11%||Neutral for UK stocks|
|Hang Seng||+0.14%||Neutral for UK stocks|
|Gold||+0.29%||Bearish for UK stocks|
|AUD/JPY||+0.36%||Bullish for UK stocks|
|US 10yr Yield||-4.28%||Bullish for UK stocks|
The FTSE is set to start the week nestled within last week’s tight trading range…
This form of high and tight consolidation typically favours a breakout to the upside and we will be watching today’s price action closely to see if the market can hold above key resistance and above last week’s highs.
|Dp Poland (DPP)|
|HSBC Holdings (HSBA)|
|International Economic Announcements|
|(09:00) IFO Expectations (GER)|
|(09:00) IFO Current Assessment (GER)|
|(09:00) IFO Business Climate (GER)|
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This research is prepared for general information only and should not be construed as any form of investment advice.