7th Sep 2021. 7.46am
Regency View:
Morning Report – Tuesday 7th September
FTSE to open at 7,175 (+12 pts)
This morning’s Chinese trade data came in ahead of expectations – boosting Asian stocks…
China’s exports unexpectedly grew at a faster pace in August, jumping 25.6% year-on-year, and accelerating from a 19.3.% gain in July. Import data also came in ahead of expectations – rising just over 33% in August.
The upbeat data has helped to ease fears that the global economic recovery was stuttering – lifting Hong Kong’s Hang Seng index to a two-week high.
S&P 500 | Closed yesterday | Neutral for UK stocks |
Hang Seng | +1.05% | Bullish for UK stocks |
Gold | -0.36% | Bullish for UK stocks |
AUD/JPY | -0.22% | Bearish for UK stocks |
US 10yr Yield | Closed yesterday | Neutral for UK stocks |
Yesterday’s price actions saw the FTSE push up into last week’s highs at 7,190 – a level that we highlighted yesterday as a key marker for short-term momentum.
A break above 7,190 during the opening rotation would open the door for a retest of the August highs.
Final Results |
Alumasc Group (ALU) |
Mcbride (MCB) |
Interim Results |
Bango (BGO) |
Dp Eurasia (DPEU) |
Flowtech Fluid. (FLO) |
Lamprell (LAM) |
Luceco (LUCE) |
Maintel (MAI) |
Mhp Reg S (MHPC) |
Michelmersh Brick Holdings (MBH) |
Midwich Grp (MIDW) |
Parsley Box (MEAL) |
Vistry Grp (VTY) |
Trading Announcements |
Safestore (SAFE) |
Ted Baker (TED) |
UK Economic Announcements |
(00:01) Retail Sales |
(07:00) Halifax House Price Index |
International Economic Announcements |
(07:00) Industrial Production (GER) |
(10:00) ZEW Survey (GER) – Current Situation |
(10:00) ZEW Survey (EU) – Economic Sentiment |
(10:00) Gross Domestic Product (EU) |
(10:00) ZEW Survey (GER) – Economic Sentiment |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.