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8th Oct 2021. 7.45am

Regency View:

Morning Report – Friday 8th October

FTSE to open at 7,085 (+7 pts)

Wall Street continued its recovery rally yesterday, after the US Senate reached a deal on a stop-gap measure to extend the debt ceiling.

The proposed agreement increases the debt limit by $480bn – enough to kick the can down the road to early December.

All eyes are on today’s non-farm payrolls number and Regency members will receive a non-farm preview detailing the likely scenarios what it means for trading the S&P 500.

S&P 500+0.83%Bullish for UK stocks
Hang Seng+0.20%Neutral for UK stocks
Gold+0.25%Bearish for UK stocks
AUD/JPY+0.10%Neutral for UK stocks
US 10yr Yield+3.41%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE held its ground yesterday in a relatively quiet session but could not close above the short-term resistance created by this weeks cluster of highs.

We expect volatility to increase with this afternoon’s non-farm payrolls release.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
International Economic Announcements
(07:00) Current Account (GER)
(07:00) Balance of Trade (GER)
(13:30) Unemployment Rate (US)
(13:30) Non-Farm Payrolls (US)
(15:00) Wholesales Inventories (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.