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5th Aug 2021. 7.44am

Regency View:

Morning Report – Thursday 5th August

FTSE to open at 7,101 (-23 pts)

The S&P 500 posted its narrowest trading range in over seven sessions yesterday – indicating that the market is getting tight ahead of Friday’s non-farm payrolls data.

Overnight in Asia, we’ve seen a mixed session with Hong Hong’s Hang Seng Index erasing most of yesterday’s gains while Japan’s Nikkei 225 Index was in positive territory as the market bounced from long-term support.

S&P 500-0.46%Bearish for UK stocks
Hang Seng-0.94%Bearish for UK stocks
Gold-0.07%Neutral for UK stocks
AUD/JPY+0.41%Bullish for UK stocks
US 10yr Yield+1.26%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE failed to maintain its early session strength yesterday as Wall Street weakened.

We have a confluent area of short-term support which includes the ascending trendline (gold dotted line) and the broken highs at 7,100 – we would expect the market to respond to the trendline.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Brickability (BRCK)
Frasers Grp (FRAS)
Interim Results
Centamin PLC (CEY)
Evraz (EVR)
Glencore (GLEN)
Hammerson (HMSO)
Ip Group (IPO)
Meggitt (MGGT)
Mondi (MNDI)
Rolls-Royce Holdings (RR.)
Secure Trust (STB)
Serco (SRP)
Spirent (SPT)
Synthomer (SYNT)
Tritax Big Box (BBOX)
Tt Electronics (TTG)
Q2 Results
Ote Ads (OTES)
UK Economic Announcements
(09:30) PMI Construction
(12:00) BoE Interest Rate Decision
International Economic Announcements
(07:00) Factory Orders (GER)
(13:30) Initial Jobless Claims (US)
(13:30) Continuing Claims (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.