25th Aug 2022. 7.47am
Regency View:
Morning Report – Thursday 25th August
FTSE to open at 7,525 (+53 pts)
Stocks on Wall Street edged higher yesterday, erasing Tuesday’s losses and potentially forming a new inflection point.
Overnight in Asia, stocks have recovered some recent losses as traders await the Jackson Hole summit.
This morning’s German GDP came in ahead of exceptions with Europe’s largest economy growing 1.7% in Q2 year-on-year.
| S&P 500 | +0.29% | Bullish for UK stocks |
| Hang Seng | +2.48% | Bullish for UK stocks |
| Gold | +0.46% | Bearish for UK stocks |
| AUD/JPY | +0.56% | Bullish for UK stocks |
| US 10yr Yield | +65pts | Bearish for UK stocks |
Yesterday’s price action saw the FTSE rally from its early-session lows – forming a large bullish pin-bar candle.
This morning’s pre open price action has broken above the pin-bar highs – signalling bullish continuation.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Hays (HAS) |
| Morses Club (MCL) |
| Interim Results |
| Faron Pharma (FARN) |
| Hunting (HTG) |
| CRH (CRH) |
| Grafton Group (GFTU) |
| Puretech (PRTC) |
| Macfarlane Grp. (MACF) |
| Anglo Pacific (APF) |
| Q3 Results |
| Benchmark Hlds (BMK) |
| International Economic Announcements |
| (07:00) Gross Domestic Product (GER) |
| (09:00) IFO Expectations (GER) |
| (09:00) IFO Current Assessment (GER) |
| (09:00) IFO Business Climate (GER) |
| (13:30) Durable Goods Orders (US) |
| (13:30) Initial Jobless Claims (US) |
| (13:30) GDP (Preliminary) (US) |
| (13:30) Continuing Claims (US) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.