6th Jul 2021. 7.48am
Morning Report – Tuesday 6th July
FTSE to open at 7,144 (-21 pts)
With the U.S. market closed for Independence Day yesterday, it’s been an understandably quiet Asian session…
Hong Kong’s Hang Seng index has dropped back towards two-month lows, but Japan’s Nikkei 225 is flat on the day.
This morning’s start to European trading is likely to be dominated by a raft of European economic data hitting our screens at 10am (UK time) including European retail sales and German economic sentiment data.
|S&P 500||0.00%||Neutral for UK stocks|
|Hang Seng||-0.30%||Bearish for UK stocks|
|Gold||+0.86%||Bearish for UK stocks|
|AUD/JPY||+0.72%||Bullish for UK stocks|
|US 10yr Yield||+0.00%||Neutral for UK stocks|
The FTSE put in another small re-test of resistance yesterday – closing and holding just below it.
This morning’s futures prices have started to retreat from the resistance zone, but we’re unable to gauge the importance of this price action until the U.S. market comes back online after yesterday’s Independence Day holiday.
|Kinovo Plc (KINO)|
|Mercia Asset (MERC)|
|Sainsbury (J) (SBRY)|
|UK Economic Announcements|
|(09:30) PMI Construction|
|International Economic Announcements|
|(07:00) Factory Orders (GER)|
|(10:00) ZEW Survey (GER) – Current Situation|
|(10:00) ZEW Survey (GER) – Economic Sentiment|
|(10:00) Retail Sales (EU)|
|(10:00) ZEW Survey (EU) – Economic Sentiment|
|(14:45) PMI Composite (US)|
|(14:45) PMI Services (US)|
|(15:00) ISM Prices Paid (US)|
|(15:00) ISM Services (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.