Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

31st Dec 2021. 7.28am

Regency View:

Morning Report – Friday 31st December

FTSE to open at 7,370 (-33 pts)

Wall Street failed to hold onto its early session gains yesterday, closing near lows for the session as COVID-19 cases hit record highs in 20 different countries.

The World Health Organization has warned of an impending “tsunami” of infections as the highly transmissible coronavirus variant and the Delta strain circulate together.

Overnight, Asian stocks have bounced China’s factory activity unexpectedly accelerated in December. The official manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 from 50.1 in November, data from the National Bureau of Statistics (NBS) showed.

S&P 500-0.30%Bearish for UK stocks
Hang Seng+1.24%Bullish for UK stocks
Gold+0.27%Bearish for UK stocks
AUD/JPY+0.23%Bullish for UK stocks
US 10yr Yield-2.74%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE closed back below the November swing highs during yesterday’s session, signalling the market’s reluctance to maintain its breakout on thin festive volumes.

However, the pullback from highs has been low volatility in nature and this is a bullish sign which reduces the probability of a major ‘fakeout’ reversal pattern taking shape.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Trading Announcements
International Economic Announcements
Today’s Financial Diary

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 Account

Any Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital


This research is prepared for general information only and should not be construed as any form of investment advice.