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8th Jul 2022. 7.33am

Regency View:

Morning Report – Friday 8th July

FTSE to open at 7,165 (-24 pts)

Wall Street rallied yesterday as traders balanced risks of a global slowdown with the potential for central banks to scale back their plans for interest rate rises.

While the pound actually strengthened following Boris Johnson’s resignation as Prime Minister. A new leader is expected to be chosen by September.

Overnight in Asia, stocks in Hong Kong remain subdued due to the strong US dollar. And stocks in Japan have had a volatile session after the former Japanese Prime Minister Shinzo Abe was shot while campaigning.

Looking ahead, we have June’s non-farm payroll numbers hitting our screens this afternoon and Regency account holders will receive our Non-Farm Payrolls Preview later this morning.

S&P 500+1.50%Bearish for UK stocks
Hang Seng+0.27%Bullish for UK stocks
Gold+0.13%Neutral for UK stocks
AUD/JPY-0.39%Bearish for UK stocks
US 10yr Yield+65ptsBearish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

Despite yesterday’s political hullabaloo, the FTSE held firm and continues to consolidate within Tuesday’s large bearish range.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Great Eastern (GEEC)
Trading Announcements
Ferrexpo (FXPO)
International Economic Announcements
(13:30) Nonfarm Payrolls (US)
(13:30) Unemployment Rate (US)
(15:00) Wholesales Inventories (US)
(20:00) Consumer Credit (US)
Today’s Financial Diary

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Disclaimer:

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