27th Jul 2021. 7.47am

Regency View:
Morning Report – Tuesday 27th July
FTSE to open at 6,995 (-30 pts)
Chinese stocks have continued to come under pressure overnight with the Hang Seng now down over 6% for the week as the market prices-in further regulatory tightening from Beijing.
It’s a big for U.S. corporate earnings with Apple, Alphabet (Google) and Microsoft reporting their quarterly numbers – check out our latest Stocks to Watch video for more information.
S&P 500 | +0.24% | Neutral for UK stocks |
Hang Seng | -2.81% | Bearish for UK stocks |
Gold | -0.09% | Neutral for UK stocks |
AUD/JPY | -0.35% | Bearish for UK stocks |
US 10yr Yield | +1.22% | Bullish for UK stocks |
Yesterday’s price action saw the FTSE rally back from intra-day lows, but the market remained within Friday’s range – forming an ‘inside day’ pattern.
This consolidation pattern signals compression, and when viewed in the context of the weekly bullish pin-bar that we highlighted yesterday, probabilities are marginally in favour of a break higher.
Final Results |
Cohort (CHRT) |
Foresightgr (FSG) |
Games Workshop (GAW) |
In The Style G. (ITS) |
Ince Group (INCE) |
Moonpig Gr (MOON) |
Interim Results |
Capital & Counties (CAPC) |
Croda International (CRDA) |
Inter. Pers. (IPF) |
Kitwave (KITW) |
Reach Plc (RCH) |
Restore (RST) |
Sabre Insur (SBRE) |
Unite (UTG) |
Vivo Energy (VVO) |
Q2 Results |
BP (BP.) |
Trading Announcements |
Greencore (GNC) |
Mitie (MTO) |
Virgin Money Uk (VMUK) |
UK Economic Announcements |
(23:01) BRC Shop Price Index |
International Economic Announcements |
(09:00) M3 Money Supply (EU) |
(13:30) Durable Goods Orders (US) |
(14:00) House Price Index (US) |
(15:00) Consumer Confidence (US) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.