21st Sep 2021. 7.50am
Morning Report – Tuesday 21st September
FTSE to open at 6,950 (+47 pts)
Wall Street ended a bearish session above its lows – giving hope that the bulls are stepping back in. We take a deeper dive into what’s driving the sell-off in this piece – Global Stocks Tumble – will key support levels hold?
Asian stocks tread water overnight as a second day of China’s Mid-Autumn Festival national holiday helped to dampen the volatility of stocks in Hong Kong.
|S&P 500||-1.70%||Bearish for UK stocks|
|Hang Seng||-0.08%||Neutral for UK stocks|
|Gold||-0.11%||Bullish for UK stocks|
|AUD/JPY||+0.56%||Bullish for UK stocks|
|US 10yr Yield||-3.56%||Bearish for UK stocks|
The FTSE responded to the key support zone we identified yesterday and the futures have maintained the bounce-back.
Should the market continue to rally as when the cash market opens, we would expect last weeks broken support level at 6,992 to provide resistance.
|Litigation Cap. (LIT)|
|Time Finance (TIME)|
|Alliance Pharma (APH)|
|Alphawave Ip (AWE)|
|Cambridge Cog (COG)|
|Jtc Plc (JTC)|
|Learning Technologies Group (LTG)|
|M&C Saatchi (SAA)|
|Personal Group (PGH)|
|Compass Group (CPG)|
|UK Economic Announcements|
|(07:00) Public Sector Net Borrowing|
|International Economic Announcements|
|(13:30) Current Account (US)|
|(13:30) Housing Starts (US)|
|(13:30) Building Permits (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.