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23rd Aug 2022. 7.48am

Regency View:

Morning Report – Tuesday 23rd August

FTSE to open at 7,485 (-48 pts)

Stocks on Wall Street suffered their biggest decline in two months on Monday…

The sell-off was lead by declines in the tech sector and concerns that members of the Federal Reserve will adopt a hawkish tone at a symposium this week.

Overnight in Asia, stocks have mirrored the sell-off on Wall Street as Japan’s factory output growth hits lowest level in 19 months.

S&P 500-2.14%Bearish for UK stocks
Hang Seng-1.28%Bearish for UK stocks
Gold-0.03%Neutral for UK stocks
AUD/JPY-0.41%Bearish for UK stocks
US 10yr Yield+28ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action bounced from the short-term support level created by Thursday’s lows.

However, this morning’s pre-open price action has seen the the market start to break below short-term support.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Ab Ignitis. S (IGN)
Aferian (AFRN)
Rm (RM.)
UK Economic Announcements
(09:30) PMI Manufacturing
(09:30) PMI Composite
(09:30) PMI Services
International Economic Announcements
(09:00) PMI Composite (EU)
(09:00) PMI Services (EU)
(09:00) PMI Manufacturing (EU)
(14:45) PMI Composite (US)
(14:45) PMI Manufacturing (US)
(14:45) PMI Services (US)
(15:00) New Homes Sales (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.