7th Sep 2021. 7.46am
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.
|Alumasc Group (ALU)|
|Dp Eurasia (DPEU)|
|Flowtech Fluid. (FLO)|
|Mhp Reg S (MHPC)|
|Michelmersh Brick Holdings (MBH)|
|Midwich Grp (MIDW)|
|Parsley Box (MEAL)|
|Vistry Grp (VTY)|
|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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This research is prepared for general information only and should not be construed as any form of investment advice.