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18th Oct 2021. 7.18am

Regency View:

Morning Report – Monday 18th October

FTSE to open at 7,210 (-24pts)

We saw a strong finish in the US on Friday, with Wall Street posting its best performance since July on the back of solid corporate earnings and a better than expected Retail Sales report.

However, this week has begun with a much weaker start for equities.

Most Asian stocks and U.S. futures slid in overnight trading, as rising energy prices revived worries about inflation and indicators suggest Chinese growth may have begun to slow.

S&P 500+0.75%Bullish for UK stocks
Hang Seng-0.54%Bearish for UK stocks
Gold+0.07%Neutral for UK stocks
AUD/JPY-0.05%Neutral for UK stocks
US 10yr Yield+3.39%Bearish for UK stocks
Regency Risk Barometer Snapshot

On Friday, the FTSE 100’s upwards momentum continued, with buyers pushing the UK’s benchmark index firmly above its previous 52 week high at 7,224, last reached back in August.

Although, following last night’s Asian session, we’re expecting to see the market open back below this level today.

During Monday’s UK trading this will be an important level to watch once again, as we establish if the bulls can regain control and post another close above it.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Tristel (TSTL)
Q3 Results
Etalon S (ETLN)
Pjsc Sev. Regs (SVST)
International Economic Announcements
(14:15) Capacity Utilisation (US)
(14:15) Industrial Production (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.