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2nd Aug 2022. 7.45am

Regency View:

Morning Report – Tuesday 2nd August

FTSE to open at 7,395 (-18 pts)

Stocks on Wall Street edged lower yesterday in thin summer trading as the US purchasing managers index slipped to its lowest level sine June 2020.

Overnight in Asia, stocks have had a weak session after US House of Representatives Speaker, Nancy Pelosi is set to begin a trip to Taiwan – adding to tensions between the US and China.

And the Aussie dollar weakened after the Reserve Bank of Australia (RBA) raised rates by an expected 50 basis points, with markets interpreting changes to the accompanying policy statement as dovish.

S&P 500-0.28%Bearish for UK stocks
Hang Seng-2.21%Bearish for UK stocks
Gold+0.09%Neutral for UK stocks
AUD/JPY-1.49%Bearish for UK stocks
US 10yr Yield-88ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE end a run of five consecutive days of gains.

The market is pulling back down into broken resistance at 7,361 – an area which should provide some support.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Nwf (NWF)
Interim Results
Standard Chartered (STAN)
Travis Perkins (TPK)
Rotork (ROR)
BP (BP.)
Greggs (GRG)
Fresnillo (FRES)
Keller (KLR)
Braveheart Inv (BRH)
Q2 Results
BP (BP.)
International Economic Announcements
(07:00) Retail Sales (GER)
(10:00) Producer Price Index (EU)
(15:00) ISM Manufacturing (US)
(15:00) ISM Prices Paid (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.