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17th Aug 2022. 7.46am

Regency View:

Morning Report – Wednesday 17th August

FTSE to open at 7,553 (+17 pts)

Stocks on Wall Street edged higher on Tuesday despite disappointing data on the strength of the US property market.

While overnight in Asia, stocks have had a stronger session with Hong Kong’s Hang Seng gaining +0.77% and Japan’s Nikkei 225 jumping more than 1%.

This morning’s UK inflation data came in higher than expected with the Consumer Price Index hitting 10.1% (year-on-year) in July, it’s highest level in 40 years.

S&P 500+0.19%Neutral for UK stocks
Hang Seng+0.77%Bullish for UK stocks
Gold+0.12%Neutral for UK stocks
AUD/JPY-0.14%Neutral for UK stocks
US 10yr Yield+15ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE continues to climb towards the cluster of key highs at 7,621…

Yesterday’s price action saw the index break and close above the inside bullish pin-bar pattern (gold box on chart below), signalling trend continuation.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Libertine Hold (LIB)
Interim Results
Balfour Beatty (BBY)
Persimmon (PSN)
Essentra (ESNT)
Plus500 (PLUS)
Kenmare Resources (KMR)
UK Economic Announcements
(07:00) Consumer Price Index
(07:00) Producer Price Index
(07:00) Retail Price Index
International Economic Announcements
(07:00) Consumer Price Index (GER)
(10:00) GDP (Preliminary) (EU)
(13:30) Retail Sales (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.