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UK100 trade ideas

FTSE 100 - Market outlookThe UK stock market continues unstable dynamics against the background of an upward correction in the bond market, which even positive corporate reports cannot compensate for. Thus, the automaker Rolls-Royce Holdings plc recorded revenue growth to 6.950B pounds, exceeding the 6.059B pounds expected by analysts, and earnings per share of 0.0218 pounds compared to -0.0088 pounds earlier. In turn, pharmaceutical giant Gedeon Richter Ltd. showed a steady increase in revenue to 203.78B forints compared to preliminary estimates of experts at 185.33B forints, while earnings per share amounted to 155.0 forints, which is also higher than the forecasted 143.0 forints. Meanwhile, local growth is observed in the domestic UK bond market: 10-year securities are trading at a rate of 4.4305%, rising by 1.22% relative to Friday's close, and conservative 20-year ones are trading at 4.678%, adding 1.63%. The upward dynamics is also recorded for 30-year bonds, which are currently held near the key yield level of 4.621%, rising by 1.13% since the beginning of trading.
FShort
by DCFX-TA
2
Market Uncertainty Deepens in Europe as Stocks Extend Losses Stocks extended losses for a third day in Europe on Thursday amid rising uncertainty ahead of key macro data. Risk appetite continued to fall after the downgrade of the US credit rating combined with the latest batch of mixed earnings reports sparked economic worries. Investors have seized the opportunity to limit their exposure to stocks while waiting for more bullish market drivers ahead of key macro data from the US and Europe. While all eyes are likely to be on tomorrow's highly awaited US NFP, the focus of investors today is likely to be on the Bank of England's rate decision. While a 25 basis point rate increase is widely expected, there is still some speculation about the possibility of a more hawkish stance in the form of a 50 basis point rate hike, which has weighed on market sentiment. Traders will closely scrutinise the speech of BoE Governor Bailey to glean insights into the outlook for interest rates and bond sales for the rest of 2023. While there is already speculation about a continuing hawkish stance due to stubbornly high UK inflation, investors remain cautious and await further clarity from the central bank. The FTSE-100 index is currently testing its 50% Fibonacci retracement at 7,474.0pts, in a sharp bearish price action since the appetite for stocks fell everywhere, and we expect market volatility to increase further with today's and tomorrow's macro announcements. Pierre Veyret– Technical analyst, ActivTrades
FShort
by ActivTrades
UK stock market weaker after the FITCH downgrade of the USSentiment seems to have taken a hit due to the recent FITCH downgrade of the US. We took a look at the UK stock market (we previously indicated a potential downward correction for the S&P earlier in the week) What's concerning is the attempt to surpass the 61.8% retracement level, which stood at 7723 based on this year's movement. Unfortunately, it has experienced a clear setback from here. Currently, we find ourselves at the 55-week moving average, which sits at 7521. Should we not find support here, it opens the possibility of testing the 3-year support line at 7275.
PEPPERSTONE:UK100Short
by The_STA