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4th Jul 2022. 7.45am

Regency View:

Morning Report – Monday 4th July

FTSE to open at 7,225 (+56 pts)

US markets are closed today for Independence Day, as such we have seen a quiet Asian session with the Hang Seng and Nikkei 225 treading water near last week’s lows.

Looking ahead this week, the key economic events will be Wednesday’s minutes of the Federal Reserve’s last rate-setting meeting and the US labour market report on Friday.

S&P 500+1.06%Bullish for UK stocks
Hang Seng-0.12%Neutral for UK stocks
Gold-0.10%Neutral for UK stocks
AUD/JPY+0.40%Bullish for UK stocks
US 10yr Yield-132ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Friday’s price action saw the market retest and rally from Thursday’s lows – forming a small bullish hammer candle in the process.

With US market’s closed for Independence Day, we expect a quiet session for the FTSE as the market consolidates above 7,175 support.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
International Economic Announcements
(09:00) Producer Price Index (YoY)(May)
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.