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15th Sep 2022. 7.45am

Regency View:

Morning Report – Thursday 15th September

FTSE to open at 7,302 (+25 pts)

Stocks on Wall Street steadied yesterday following the worst sell-off in two years on Tuesday…

The S&P 500 gained 0.34% after Tuesday’s drop of more than -4% following hotter than expected US inflation data.

Overnight in Asia, we’ve seen a mirroring of the moves on Wall Street with stocks in Hong Kong and Japan treading water.

All eyes will be on US retail sales numbers this afternoon, with analysts expecting no change for August.

S&P 500+0.34%Bullish for UK stocks
Hang Seng+0.26%Bullish for UK stocks
Gold-0.56%Bullish for UK stocks
AUD/JPY+0.41%Bullish for UK stocks
US 10yr Yield-5ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE edge lower after Tuesday’s large bearish engulfing candle.

A retest of the bottom of the long-term wedge consolidation (converging gold dotted lines) looks to be the most likely scenario.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
MJGleeson (GLE)
Interim Results
Regional Reit (RGL)
Igas Energy (IGAS)
Checkit (CKT)
Rtw Venture Fu. (RTW)
Foresight Solar (FSFL)
Oxford Biomedica (OXB)
Gresham House (GHE)
Portmeirion (PMP)
Downing Renewa. (DORE)
UK Economic Announcements
(00:01) RICS Housing Market Survey
International Economic Announcements
(13:30) Retail Sales Less Autos (US)
(13:30) Import and Export Price Indices (US)
(13:30) Initial Jobless Claims (US)
(13:30) Philadelphia Fed Index (US)
(13:30) Retail Sales (US)
(14:15) Industrial Production (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.