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7th Jan 2022. 7.40am

Regency View:

Morning Report – Friday 7th January

FTSE to open at 7,441 (-9 pts)

Stocks on Wall Street tread water yesterday as Wednesday’s ‘tech wreck’ settled into choppy sideways trading.

While overnight in Asian stocks excluding Japan have had strong session with Hong Kong’s Hang Seng jumping 1.65%.

Looking ahead, we have European inflation and retail sales numbers hitting our screens mid-morning, and the first US nonfarm payrolls of the year this afternoon.

Regency account holders will receive our Nonfarm Payrolls Preview later this morning which will include key levels to watch on the S&P 500.

S&P 500-0.10%Neutral for UK stocks
Hang Seng+1.65%Bullish for UK stocks
Gold+0.01%Neutral for UK stocks
AUD/JPY+0.03%Neutral for UK stocks
US 10yr Yield+18ptsBearish for UK stocks
Regency Risk Barometer Snapshot

As highlighted in yesterday’s Morning Report, we saw the broken November highs provide support as the market bounced early session lows.

The FTSE needs to end the week above 7,464 to prevent a bearish pin-bar pattern forming on the weekly candle chart.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Trading Announcements
International Economic Announcements
(10:00) Consumer Price Index (EU)
(10:00) Retail Sales (EU)
(13:30) Nonfarm Payrolls (US)
Today’s Financial Diary

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