Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

2nd Aug 2021. 7.48am

Regency View:

Morning Report – Monday 2nd August

FTSE to open at 7,078 (+46 pts)

Today we check the temperature of the global economy through Purchasing Managers’ Index (PMI) figures for manufacturing in July from China, UK, Germany, EU and US…

China were the first cab off the rank and the data came in below consensus estimates showing a contraction in factory activity for the first time in over a year.

S&P 500-0.54%Bearish for UK stocks
Hang Seng+0.78%Bullish for UK stocks
Gold-0.32%Bullish for UK stocks
AUD/JPY+0.02%Neutral for UK stocks
US 10yr Yield-3.36%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE fought back from a 50 point deficit on Friday to close back near its opening price – indicating that traders are in ‘buy the dip’ mode.

We’ve seen a strong move higher in the futures this morning, and the cash market is set to open above Friday’s high. Barring a sharp reversal, it looks like we’re gearing up for a retest of the 7,167 – 7,219 resistance zone.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
HSBC Holdings (HSBA)
Senior (SNR)
Xp Power (XPP)
UK Economic Announcements
(09:30) PMI Manufacturing
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) PMI Manufacturing (GER)
(09:00) PMI Manufacturing (EU)
(14:45) PMI Manufacturing (US)
Today’s Financial Diary

Don’t have a Regency account yet?

Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.

Create Account

Any Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital


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