30th Sep 2021. 7.47am
Regency View:
Morning Report – Thursday 30th September
FTSE to open at 7,146 (+42 pts)
Stocks on Wall Street failed to to mount much of a fightback yesterday with the S&P edging higher after it worst day since May on Tuesday.
Overnight in Asia, it’s been a quiet session with the Hang Seng and Nikkei 225 moving less than 0.5% on the day.
This morning’s UK GDP data came in ahead of expectations with the UK economy growing 5.5% in Q2 after being revised up from the previous estimation of 4.8%.
S&P 500 | +0.16% | Neutral for UK stocks |
Hang Seng | -0.18% | Neutral for UK stocks |
Gold | +0.14% | Neutral for UK stocks |
AUD/JPY | +0.41% | Bullish for UK stocks |
US 10yr Yield | -1.21% | Bullish for UK stocks |
Yesterday’s price action saw the FTSE rally from Tuesday’s lows and close above Tuesday’s highs – forming a bullish engulfing pattern.
We’ve already seen some upside follow-through from the FTSE futures overnight and we are looking for this to be maintained during the opening rotation.
Final Results |
Avation (AVAP) |
Lekoil (LEK) |
Interim Results |
Andrew Sykes (ASY) |
ANGLE (AGL) |
Avacta (AVCT) |
Bion (BION) |
Ceres Power (CWR) |
Jade Road Inv (JADE) |
Lon.sec (LSC) |
Mycelx Di (MYX) |
OptiBiotix Health (OPTI) |
Rockhopper (RKH) |
Synairgen (SNG) |
UK Economic Announcements |
(07:00) Current Account |
(07:00) Gross Domestic Product |
(07:00) Nationwide House Price Index |
International Economic Announcements |
(08:55) Unemployment Rate (GER) |
(10:00) Unemployment Rate (EU) |
(13:30) Initial Jobless Claims (US) |
(13:30) Personal Consumption Expenditures (US) |
(13:30) Gross Domestic Product (US) |
(13:30) Continuing Claims (US) |
(14:45) Chicago PMI (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.