25th Aug 2021. 7.45am
Regency View:
Morning Report – Wednesday 25th August
FTSE to open at 7,117 (-9 pts)
The S&P 500 printed it’s narrowest daily range in over seven sessions yesterday as the market tread water ahead of a meeting of leading monetary policymakers in Jackson Hole on Thursday and Friday.
Overnight in Asia, stocks have erased early gains with Hong Kong’s Hang Seng and Japan’s Nikkei 225 in negative territory.
| S&P 500 | +0.15% | Neutral for UK stocks |
| Hang Seng | -0.42% | Bearish for UK stocks |
| Gold | -0.31% | Bullish for UK stocks |
| AUD/JPY | -0.07% | Neutral for UK stocks |
| US 10yr Yield | +3.03% | Bullish for UK stocks |
After threatening to break lower, the FTSE futures ended yesterday’s session back where they started – just underneath the top of the inside day pattern which formed on Friday.
The market looks indecisive and we now have yesterday’s low and Monday’s high as small lines in the sand from which to gauge short-term sentiment.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Clipper (CLG) |
| Interim Results |
| Anglo Pacific (APF) |
| Costain (COST) |
| Grafton Group (GFTU) |
| International Economic Announcements |
| (09:00) IFO Expectations (GER) |
| (09:00) IFO Business Climate (GER) |
| (09:00) IFO Current Assessment (GER) |
| (12:00) MBA Mortgage Applications (US) |
| (13:30) Durable Goods Orders (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.