14th Sep 2021. 7.45am
Morning Report – Tuesday 14th September
FTSE to open at 7,053 (-15 pts)
The S&P 500 fought back yesterday to break a five-day losing streak – its worst run of losses since June.
While Brent crude jumped 0.9% to $73.57 a barrel following a bullish forecast by Opec in its monthly report. Oil demand in 2022 is now forecast to reach 100.8m barrels a day, exceeding pre-pandemic levels.
Overnight in Asia, Hong Kong’s Hang Seng broke to a nine-day low while Japan’s Nikkei 225 touched 30yr highs as investors anticipated further stimulus from the Bank of Japan.
|S&P 500||+0.23%||Bullish for UK stocks|
|Hang Seng||-1.04%||Bearish for UK stocks|
|Gold||-0.04%||Neutral for UK stocks|
|AUD/JPY||-0.32%||Bearish for UK stocks|
|US 10yr Yield||-1.35%||Bearish for UK stocks|
The FTSE finally managed to hold onto some gains yesterday – helped by strength in oil & gas.
With prices trading below broken support, we will be watching to see whether broken support turns to resistance.
|Diurnal Grp (DNL)|
|Petra Diamonds (PDL)|
|Thinksmart Ltd (TSL)|
|Accesso Tech (ACSO)|
|Bluejay Min (JAY)|
|Cloudcall Grp (CALL)|
|Corero Network (CNS)|
|Ekf Diagnostics (EKF)|
|Filta Group (FLTA)|
|Harworth Gp (HWG)|
|JD Sports (JD.)|
|Kistos Plc (KIST)|
|Ocean Out (OOUT)|
|Propty Franchis (TPFG)|
|Sanne Group (SNN)|
|Stm Grp. (STM)|
|Team17 Group (TM17)|
|Tp Grp (TPG)|
|Vr Education H. (VRE)|
|UK Economic Announcements|
|(07:00) Unemployment Rate|
|(07:00) Claimant Count Rate|
|International Economic Announcements|
|(13:30) Consumer Price Index (US)|
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