30th Sep 2022. 7.40am
Regency View:
Morning Report – Friday 30th September
FTSE to open at 6,868 (-14 pts)
Wall Street ended sharply lower on Thursday as investors fretted about volatility in global currency and debt markets.
While in Europe, German inflation soared to double-digit levels for the first time in more than 70 years.
Overnight in Asia, South Korea’s chip production declined for the first time in more than four years as chipmakers are facing slowing global demand.
| S&P 500 | -2.11% | Bearish for UK stocks |
| Hang Seng | +0.18% | Neutral for UK stocks |
| Gold | +0.44% | Bearish for UK stocks |
| AUD/JPY | +0.01% | Neutral for UK stocks |
| US 10yr Yield | +46pts | Bearish for UK stocks |
Having formed a bullish pin-bar reversal candle on Tuesday, the FTSE daily rolling futures continued their recent downtrend to retest the pin-bar lows.
The market is back within the long-term support zone created by the March spike lows.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Celtic Cvpf. (CCPA) |
| Induction Heal. (INHC) |
| Interim Results |
| Dp Eurasia (DPEU) |
| Cmo Group (CMO) |
| Belluscura (BELL) |
| Dignity (DTY) |
| Cineworld (CINE) |
| Trellus Health. (TRLS) |
| Shefa Gems (SEFA) |
| Trading Announcements |
| Pennon (PNN) |
| UK Economic Announcements |
| (07:00) Current Account |
| (07:00) Gross Domestic Product |
| (07:00) Nationwide House Price Index |
| International Economic Announcements |
| (07:00) Retail Sales (GER) |
| (08:55) Unemployment Rate (GER) |
| (10:00) Unemployment Rate (EU) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.