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27th Sep 2021. 7.46am

Regency View:

Morning Report – Monday 27th September

FTSE to open at 7,122 (+71 pts)

Fears of widespread contagion from China Evergrande Group’s debt troubles have receded and the Asian session has been relatively quiet.

However, there are increasing concerns that China’s supply shock will result in a shortage of goods for the Thanksgiving and Christmas shopping season – pushing up global CPI inflation.

It is also worth noting that today is the deadline for President Joe Biden’s $1tn infrastructure bill, which will be put to a vote in the House of Representatives. We’ll be keeping an eye on US-focused construction stocks such as CRH and Ferguson during European trading.

S&P 500+0.15%Neutral for UK stocks
Hang Seng+0.52%Bullish for UK stocks
Gold+0.42%Bearish for UK stocks
AUD/JPY+0.16%Neutral for UK stocks
US 10yr Yield+1.57%Bullish for UK stocks
Regency Risk Barometer Snapshot

Friday’s retest of the broken descending trendline has been followed by a push higher in the futures as we head into the opening bell.

Thursday’s pin-bar highs may provide some resistance, but a strong close today would setup a rally towards the top of the range.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Oxford Cann (OCTP)
Interim Results
Fireangel (FA.)
Instem (INS)
Medica Group P. (MGP)
Microsaic (MSYS)
Minds+mach (MMX)
Octopus Renew. (ORIT)
International Economic Announcements
(09:00) M3 Money Supply (EU)
(13:30) Durable Goods Orders (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.