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2nd Sep 2021. 7.48am

Regency View:

Morning Report – Thursday 2nd September

FTSE to open at 7,128 (-22 pts)

A quiet US trading session has fed through into Asia with Hong Kong’s Hang Seng giving up early gains to trade flat on the day.

Looking ahead today we have US Initial Jobless claims – analysts expect another drop in Jobless claims to 345k from 353k the week prior.

S&P 500+0.03%Neutral for UK stocks
Hang Seng-0.05%Neutral for UK stocks
Gold+0.05%Neutral for UK stocks
AUD/JPY+0.24%Bullish for UK stocks
US 10yr Yield-0.85%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE has had a very indecisive start to this shortened trading week…

An 80 point drop on Tuesday was followed by a 100 point peak-to-trough rally yesterday and at the time of writing, the FTSE futures are back where they closed on Tuesday.

This choppy indecision tell us that there’s a lack of conviction from both bulls and bears – creating a high degree of randomness within short-term price action.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Barratt Developments (BDEV)
Trading Announcements
Camellia (CAM)
Downing Renewa (DORE)
Gem Diamonds Di (GEMD)
Gulf Keystone Petroleum (GKP)
Inspired (INSE)
Gym Grp (GYM)
Wentworth Res. (WEN)
International Economic Announcements
(10:00) Producer Price Index (EU)
(13:30) Initial Jobless Claims (US)
(13:30) Continuing Claims (US)
(15:00) ISM Prices Paid (US)
(15:00) ISM Manufacturing (US)
(15:00) Factory Orders (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.