19th Aug 2021. 7.42am
Regency View:
Morning Report – Thursday 19th August
FTSE to open at 7,066 (-103 pts)
The S&P recorded its worst drop in over a month yesterday as retail sales numbers disappointed…
US retail sales fell 1.1% in July compared to June, worse than the 0.3% decline expected – highlighting the impact of the Delta variant.
Overnight in Asia, the Chinese tech sell-off resumed with Hong Kong’s Hang Seng Index down more than 2% on that as it approaches its July lows.
| S&P 500 | -1.07% | Bearish for UK stocks |
| Hang Seng | -2.08% | Bearish for UK stocks |
| Gold | -0.54% | Bullish for UK stocks |
| AUD/JPY | -0.40% | Bearish for UK stocks |
| US 10yr Yield | -0.50% | Neutral for UK stocks |
The FTSE quickly gave up its opening gains during yesterday’s session and the selling pressure accelerated on the futures late into the evening.
Prices have continued to fall away in early pre-open trading – indicating that short-term momentum is firmly bearish.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Byotrol (BYOT) |
| Rank (RNK) |
| Interim Results |
| Antofagasta (ANTO) |
| Capital (CAPD) |
| Helios Towers (HTWS) |
| Intelligent Ult (IUG) |
| Tremor Int Ltd (TRMR) |
| Trading Announcements |
| Castings (CGS) |
| International Economic Announcements |
| (13:30) Continuing Claims (US) |
| (13:30) Initial Jobless Claims (US) |
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.
Create AccountAny Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital
Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.