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12th Aug 2021. 7.32am

Regency View:

Morning Report – Thursday 12th August

FTSE to open at 7,192 (-28 pts)

The S&P 500 notched up another record close yesterday as the market edged higher following slightly stronger-than-expected US inflation data.

Overnight, Asian stocks pulled back due to fears about the spread of the Delta variant and a relatively low vaccination rate – heightening the risk of further lockdowns in the region.

This morning’s UK GDP figures revealed the UK economy grew 4.8% in the second quarter – just below the Bank of England’s 5% prediction.

S&P 500+0.25%Bullish for UK stocks
Hang Seng-0.51%Bearish for UK stocks
Gold-0.02%Neutral for UK stocks
AUD/JPY-0.17%Bearish for UK stocks
US 10yr Yield-1.33%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE powered its way up into the June highs during yesterday’s session, but with the market going ex-dividend today the futures have fallen back below this key resistance level.

We’ll be monitoring price action very closely over the coming sessions to see if a breakout can be maintained.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Arix Bioscience (ARIX)
Arrow Global (ARW)
Aviva (AV.)
Coca-Cola HBC (CCH)
Empiric (ESP)
Empresaria Group (EMR)
Entain (ENT)
Glanbia (GLB)
Mears (MER)
Ocean Wilsons (OCN)
Silence Ther. (SLN)
Tribal Grp. (TRB)
Vitec (VTC)
Q2 Results
Wheaton Prec. (WPM)
UK Economic Announcements
(00:01) RICS Housing Market Survey
(07:00) Industrial Production
(07:00) Gross Domestic Product
(07:00) GDP (Preliminary)
(07:00) Index of Services
(07:00) Balance of Trade
(07:00) Manufacturing Production
International Economic Announcements
(10:00) Industrial Production (EU)
(12:30) Producer Price Index (US)
(13:30) Producer Price Index (US)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (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.