15th Sep 2021. 7.47am
Regency View:
Morning Report – Wednesday 15th September
FTSE to open at 7,027 (-7 pts)
A raft of weak Chinese economic data has weighed heavy on Asian stocks overnight…
Chinese retail sales grew at their slowest pace since August 2020 – missing analysts expectations, while industrial production also disappointed.
In the UK, this morning’s inflation data showed the biggest increase since records began in 1997. The UK Consumer Prices Index (CPI) surged by 3.2% in the 12 months to August – once again above the Bank of England’s 2% target.
S&P 500 | -0.57% | Bearish for UK stocks |
Hang Seng | -1.97% | Bearish for UK stocks |
Gold | -0.15% | Bullish for UK stocks |
AUD/JPY | -0.20% | Bearish for UK stocks |
US 10yr Yield | -3.09% | Bearish for UK stocks |
We mentioned in yesterday’s Morning Report that we would be watching to see whether broken support would become resistance and this certainly looks to be the case.
The FTSE now looks set for another retest of the key swing lows at 6,992.
Final Results |
Darktrace (DARK) |
Pan African (PAF) |
Redrow (RDW) |
Interim Results |
Advanced Medical Solutions Group (AMS) |
Biopharma Cred. (BPCR) |
Central Asia (CAML) |
Elecosoft (ELCO) |
Epwin Grp (EPWN) |
Keywords Studio (KWS) |
Pendragon (PDG) |
Rbg Holdings (RBGP) |
Restaurant Gp (RTN) |
Science Sprt (SIS) |
Surgical Innovations (SUN) |
Tinybuild Inc S (TBLD) |
Trackwise Desi. (TWD) |
Trinity (TRIN) |
UK Economic Announcements |
(07:00) Producer Price Index |
(07:00) Consumer Price Index |
(07:00) Retail Price Index |
International Economic Announcements |
(10:00) Industrial Production (EU) |
(12:00) MBA Mortgage Applications (US) |
(13:30) Import and Export Price Indices (US) |
(14:15) Industrial Production (US) |
(14:15) Capacity Utilisation (US) |
(15:30) Crude Oil Inventories (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.