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)|
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.Create Account
This research is prepared for general information only and should not be construed as any form of investment advice.