13th Sep 2021. 7.49am
Regency View:
Morning Report – Monday 13th September
FTSE to open at 7,053 (+24 pts)
Wall Street continued to sell-off on Friday and this negativity has fed through into the Asian session with Hong Kong’s Hang Seng index down more than 2%.
Looking ahead this week, we have plenty of inflation and labour market data from the US, India, France and the wider EU. We also have the OPEC monthly oil report today, and US retail sales on Thursday.
| S&P 500 | -0.77% | Bearish for UK stocks |
| Hang Seng | -2.17% | Bearish for UK stocks |
| Gold | +0.17% | Bearish for UK stocks |
| AUD/JPY | +0.19% | Bullish for UK stocks |
| US 10yr Yield | +3.23% | Bullish for UK stocks |
The FTSE failed to hold onto its gains on Friday and closed back near its lows – forming a bearish ‘inside pin-bar’ pattern.
With the futures back at Friday’s highs, should the market fail to hold onto these gains during the opening rotation, it could setup a break of support.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Abcam (ABC) |
| Dianomi (DNM) |
| Itm Power (ITM) |
| Interim Results |
| Blackbird (BIRD) |
| Gaming Realms (GMR) |
| Greencoat Rene. (GRP) |
| Henry Boot (BOOT) |
| Iqgeo (IQG) |
| M.p. Evans (MPE) |
| S4 Cap. (SFOR) |
| Spectral Md (SMD) |
| Surface Transforms (SCE) |
| Verici Dx (VRCI) |
| Xpediator Plc (XPD) |
| Trading Announcements |
| AB Foods (ABF) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.