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1st Sep 2021. 7.45am

Regency View:

Morning Report – Wednesday 1st September

FTSE to open at 7,165 (+45 pts)

Wall Street cautiously tread water yesterday as transatlantic travel curbs and an unexpectedly sharp increase in eurozone inflation tempered the recent bull run.

UK house price data came in above expectations this morning, showing a 2.1% increase month-on-month and a whopping 11% increase year-on-year.

While this morning’s European retail sales numbers were worse than expected, showing a -5.1% month-on-month and a -0.3% drop year-on-year.

S&P 500-0.13%Neutral for UK stocks
Hang Seng+0.60%Bullish for UK stocks
Gold+0.22%Bearish for UK stocks
AUD/JPY+0.45%Bullish for UK stocks
US 10yr Yield+1.99%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE was dragged lower yesterday due to weakness from some of its largest cap listings including HSBC and GlaxoSmithKline.

However, the market did manage to rally from it’s intra-day lows and that bounce has continued overnight with prices moving back above last week’s highs.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
888 Holdings (888)
Churchill China (CHH)
Johnson Service (JSG)
Menzies (MNZS)
Petropavlovsk (POG)
Pphe Hotel (PPH)
Uniphar Plc (UPR)
UK Economic Announcements
(00:01) BRC Shop Price Index
(09:30) PMI Manufacturing
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) PMI Manufacturing (GER)
(09:00) PMI Manufacturing (EU)
(10:00) Unemployment Rate (EU)
(12:00) MBA Mortgage Applications (US)
(13:30) Personal Spending (US)
(13:30) Personal Consumption Expenditures (US)
(13:30) Personal Income (US)
(14:45) PMI Manufacturing (US)
(15:00) Construction Spending (US)
(15:00) Crude Oil Inventories (US)
(20:30) Auto 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.