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16th Aug 2022. 7.48am

Regency View:

Morning Report – Tuesday 16th August

FTSE to open at 7,527 (+18 pts)

Stocks on Wall Street continued their recent rally yesterday as traders start to price-in a slower pace of tightening from the Federal Reserve.

While Brent crude, the international benchmark for oil dropped as low as $92.78 a barrel yesterday amid fears of a global recession.

Overnight in Asia, the Hang Seng has weakened more than -1.70% despite shares in large Chinese property developers rallying amid reports that regulators could take further steps to support the crisis-stricken sector.

In Europe, this morning’s UK unemployment data edged up to 3.8% as the labour market shows signs of cooling.

S&P 500+0.40%Bullish for UK stocks
Hang Seng-1.78%Bearish for UK stocks
Gold+0.06%Neutral for UK stocks
AUD/JPY+0.01%Neutral for UK stocks
US 10yr Yield-55ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE fight back during afternoon trading – forming a bullish pin-bar candle inside of Friday’s range.

A break above Friday’s highs during the opening rotation could trigger a strong rally.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
BHP Group (BHP)
Interim Results
Tribal Grp. (TRB)
Tremor Int Ltd (TRMR)
Impact Health (IHR)
Q2 Results
Bank Of Georgia Group (BGEO)
Trading Announcements
Softline Reg S (SFTL)
Watches Switz (WOSG)
UK Economic Announcements
(07:00) Unemployment Rate
(07:00) Claimant Count Rate
International Economic Announcements
(14:15) Industrial Production (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.