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.
FTSE 100 Daily Rolling Futures – Key Levels
| 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.