29th Jul 2021. 7.45am
Regency View:
Morning Report – Thursday 28th July
FTSE to open at 7,037 (+20 pts)
Stocks on Wall Street tread water yesterday as the Federal Reserve kept monetary policy unchanged whilst acknowledging improvements in the U.S. economy.
In Asia, Chinese stocks have bounced due to China’s market watchdog holding a call with global banks to try and ease fears of a regulatory clampdown.
In the UK, it’s big day for corporate earnings (see calendar below) with AstraZeneca, BAE Systems, Lloyds and Royal Dutch Shell updating the market.
| S&P 500 | -0.02% | Neutral for UK stocks |
| Hang Seng | +2.74% | Bullish for UK stocks |
| Gold | +0.55% | Bearish for UK stocks |
| AUD/JPY | +0.07% | Neutral for UK stocks |
| US 10yr Yield | -0.61% | Neutral for UK stocks |
We didn’t quite get the retest of Friday’s high that we had anticipated in yesterday’s Morning Report, but it looks like the FTSE will have another go today…
The futures have started to rally again and we’ll be watching closely to see if the market can break out of this week’s range.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Amigo (AMGO) |
| Srt Marine Sys. (SRT) |
| Interim Results |
| Astrazeneca (AZN) |
| BAE Systems (BA.) |
| Saint Gobain Or (COD) |
| Devro (DVO) |
| Drax (DRX) |
| Elementis (ELM) |
| Equiniti (EQN) |
| Inchcape (INCH) |
| Indivior (INDV) |
| Informa (INF) |
| Lloyds (LLOY) |
| Mail.rugrp S (MAIL) |
| National Express (NEX) |
| Nokia Ord (0HAF) |
| Relx (REL) |
| Rentokil Initial (RTO) |
| Schroders (SDR) |
| Segro (SGRO) |
| Smith & Nephew (SN.) |
| Spectris (SXS) |
| Totally (TLY) |
| Vesuvius (VSVS) |
| Q1 Results |
| Airtel Africa (AAF) |
| Q2 Results |
| Astrazeneca (AZN) |
| Nokia Ord (0HAF) |
| Royal Dutch Shell A (RDSA) |
| Royal Dutch Shell B (RDSB) |
| Smith & Nephew (SN.) |
| Totally (TLY) |
| Trading Announcements |
| Compass Group (CPG) |
| Discoverie Grp. (DSCV) |
| Evraz (EVR) |
| Headlam (HEAD) |
| Intermediate Capital (ICP) |
| Mitchells & Butlers (MAB) |
| Sage Group (SGE) |
| Smith & Nephew (SN.) |
| UK Economic Announcements |
| (07:00) Nationwide House Price Index |
| (09:30) Consumer Credit |
| (09:30) Mortgage Approvals |
| (09:30) M4 Money Supply |
| International Economic Announcements |
| (08:55) Unemployment Rate (GER) |
| (10:00) Industrial Confidence (EU) |
| (10:00) Economic Sentiment Indicator (EU) |
| (10:00) Business Climate Indicator (EU) |
| (10:00) Consumer Confidence (EU) |
| (10:00) Services Sentiment (EU) |
| (13:30) Continuing Claims (US) |
| (13:30) Initial Jobless Claims (US) |
| (15:00) Pending Homes Sales (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.