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Morning Markets Reports Friday 15th October 2021

Wall Street stocks posted strong gains with earnings optimism also underpinning confidence.


Risk appetite strengthened during the day with strong demand for reflation trades.  The decline in US jobless claims to 18-month lows boosted confidence in the jobs market.  US Treasuries strengthened despite the data with yields moving lower.


Wall Street stocks posted strong gains with earnings optimism also underpinning confidence.


European bourses also posted strong gains with a net advance in Asia.

The dollar recovered from intra-day lows, but overall lost ground as potential defensive demand dipped.


Commodity currencies posted gains amid strong equity markets and a weaker US dollar.  Oil prices were dented by an inventory build, but overall sentiment held strong with WTI hitting a 7-year high.


Euro-zone equities were boosted by renewed earnings optimism during Thursday with unease over high energy prices put to one-side for now. Strong gains on Wall Street also boosted sentiment.

The German DAX index gained 1.4% with a Eurostoxx 50 index advance of 1.6%.


Major UK stocks posted significant gains on Thursday with support from gains across the mining sector. Global gains also boosted sentiment, but domestic confidence remained fragile with the FTSE 100 index gaining 0.9%.


Wall Street stocks were boosted by strong earnings data and the latest labour-market data also boosted market confidence. Although there were still reservations over the surge in energy costs, the S&P 500 index posted a strong advance of 1.7%.


US futures edged higher on Friday and Asian sentiment held firm.


Japan’s Nikkei 225 index advanced 1.8% as the yen remained under pressure while the Australian ASX index gained 0.7%.  China’s Shanghai index traded 0.4% higher in late trading with a 0.8% advance for the Hong Kong  Seng index.



Stock to watch today


Avacta shares saw an uptick in buying momentum yesterday, The shares have been consolidating in recent weeks around support that has formed at 105p. The push higher yesterday was supported by strong volume and break above the short term downtrend line. Further upside should be seen in the short term towards 145p in the short to medium term.


CCM Opinion: BUY


Buy between 115 – 125p

Stop: 96p

Target: 145p



The value of shares can fall as well as rise; you may not get back the amount you invested. Past performance is no guarantee of future performance. Capital is invested at risk This document is published by Clear Capital Markets and does not constitute a solicitation or personal recommendation for the purchase or sale of investment. The investments referred to may not be suitable for all investors. Any data or views given should not be construed as investment advice. Every effort is made to ensure the accuracy of the information, but no assurance or warranties are given. Clear Capital Markets Limited is authorised and regulated by the Financial Conduct Authority FRN 706689.


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