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1st Nov 2021. 7.45am

Regency View:

Morning Report – Monday 1st November

FTSE to open at 7,268 (+30 pts)

It’s been a mixed Asian session with Chinese-focused stocks falling for a fifth straight session. Whereas Japan’s Nikkei 225 jumped to a 1-month high after Prime Minister Fumio Kishida’s Liberal Democratic Party did better than expected at Sunday’s election.

Looking ahead this week, the market’s focus will be on tightening monetary policy…

On Wednesday, the US Federal Reserve is widely expected to announce that it will start reducing its pandemic-era bond purchases. While on Thursday, the Bank of England is expected to hike interest rates to combat inflationary pressures.

S&P 500+0.19%Neutral for UK stocks
Hang Seng-0.97%Bearish for UK stocks
Gold+0.08%Neutral for UK stocks
AUD/JPY-0.02%Neutral for UK stocks
US 10yr Yield-1.15%Bullish for UK stocks
Regency Risk Barometer Snapshot

Friday’s price action saw the FTSE fight all the way back from it’s intra-day lows to close back above resistance and form its second consecutive bullish pin-bar candle.

A break and hold above last week’s highs could finally trigger the trend continuation move higher that last week’s break and retest of resistance signaled.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
K3 Capital Gro. (K3C)
Lok N Store (LOK)
Trading Announcements
Argo Blockchai. (ARB)
UK Economic Announcements
(09:30) PMI Manufacturing
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) PMI Manufacturing (GER)
(14:45) PMI Manufacturing (US)
(15:00) Construction Spending (US)
(20:30) Auto Sales (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.