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17th Aug 2021. 7.46am

Regency View:

Morning Report – Tuesday 17th August

FTSE to open at 7,118 (-36pts)

The theme of tightening Chinese regulation continued overnight with Beijing banning unfair competition among internet companies…

China’s antitrust watchdog said it would tighten antitrust and data restrictions on platforms – sparking a sell-off in Chinese tech shares and Hong Kong’s Hang Send Index is more than 2% lower on the day.

Looking ahead, we have U.S retails sales hitting our screens this afternoon, and the market is expecting a -0.2% month-on-month contraction as consumers held off on purchases amid Covid delta worries.

S&P 500+0.26%Bullish for UK stocks
Hang Seng-2.06%Bearish for UK stocks
Gold+0.29%Bearish for UK stocks
AUD/JPY-0.40%Bearish for UK stocks
US 10yr Yield-0.34%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE’s retreat from resistance has continued and the futures have fallen away this morning to retest yesterday’s lows.

A swift break below yesterday’s low during the opening rotation could trigger a deeper sell-off as the short-term support at 7093 is relatively tenuous.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
BHP Group (BHP)
Van Elle (VANL)
Interim Results
Genuit Grp Plc (GEN)
Plus500 (PLUS)
Electrica Regs (ELSA)
UK Economic Announcements
(07:00) Claimant Count Rate
(07:00) Unemployment Rate
International Economic Announcements
(10:00) GDP (Preliminary) (EU)
(13:30) Retail Sales (US)
(14:15) Capacity Utilisation (US)
(14:15) Industrial Production (US)
(15:00) Business Inventories (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.