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26th Aug 2021. 7.46am

Regency View:

Morning Report – Thursday 26th August

FTSE to open at 7,108 (-42 pts)

Wall Street made modest gains yesterday as the market remains cautious ahead of the Federal Reserve’s Jackson Hole symposium on Friday.

While Chinese stocks resumed their sell-off overnight despite comments from a Communist Party official that the push for “common prosperity” does not mean “killing the rich”.

Our Risk Barometer is once again in mixed territory with Asian-related markets looking bearish and US-related markets looking bullish.

S&P 500+0.22%Bullish for UK stocks
Hang Seng-1.43%Bearish for UK stocks
Gold-0.31%Bullish for UK stocks
AUD/JPY-0.25%Bearish for UK stocks
US 10yr Yield+3.67%Bullish for UK stocks
Regency Risk Barometer Snapshot

We mentioned in yesterday’s Morning Report that Monday’s high and Tuesday’s low represented mini-markers to gauge short-term sentiment.

And after rallying into Monday’s highs, the FTSE futures have promptly retreated, erasing all of yesterday’s gains – we are now anticipating a retest of Tuesday’s lows.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Hays (HAS)
Interim Results
Chesnara (CSN)
Faron Pharma (FARN)
Glenveagh (GLV)
Hunting (HTG)
Macfarlane Grp. (MACF)
Pjsc Rus (HYDR)
International Economic Announcements
(07:00) GFK Consumer Confidence (GER)
(09:00) M3 Money Supply (EU)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (US)
(13:30) GDP (Preliminary) (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.