6th Sep 2021. 7.47am
Regency View:
Morning Report – Monday 6th September
FTSE to open at 7,164 (+26 pts)
Friday’s US non-farm payrolls came in well below expectations…
The US economy created just 235,000 jobs in August, a sharp decline from the previous month and miles below the 725,000 predicted by analysts.
The weak job data is a clear sign that the Delta variant is impacting on hiring plans – it also reduces the probability that the Fed will alter its current policy stance.
Please note: US stock markets are closed for Labor Day
| S&P 500 | -0.03% | Neutral for UK stocks |
| Hang Seng | +0.79% | Bullish for UK stocks |
| Gold | -0.03% | Neutral for UK stocks |
| AUD/JPY | -0.02% | Neutral for UK stocks |
| US 10yr Yield | +3.19% | Bullish for UK stocks |
As the FTSE continues to chop sideways, last week’s range becomes a key short-term marker for gauging momentum.
With the US market closed today, we expect the majority of today’s price movement to come within the first hour of trading.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Dechra (DPH) |
| Pci-pal (PCIP) |
| Sylvania Pl (SLP) |
| Interim Results |
| Belluscura (BELL) |
| Vector Capital (VCAP) |
| UK Economic Announcements |
| (09:30) PMI Construction |
| International Economic Announcements |
| (07:00) Factory Orders (GER) |
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.
Create AccountAny Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital
Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.