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4th Oct 2021. 7.42am

Regency View:

Morning Report – Monday 4th October

FTSE to open at 7,026 (-1 pt)

Asian shares have had a bearish start to the week as concerns about China’s property sector and inflation worries offset last week’s upbeat US data and positive news on new drugs to tackle the pandemic.

Hong Kong’s Hang Seng index dropped more than 2% – taking prices back to their mid-September lows, and Japan’s Nikkei 225 was down more than 1% as prices continued to retreat from highs.

Looking ahead this week we have US factory orders this afternoon, British Chambers of Commerce quarterly economic survey on Wednesday and US non-farm payrolls on Friday.

S&P 500+1.15%Bullish for UK stocks
Hang Seng-2.31%Bearish for UK stocks
Gold-0.10%Neutral for UK stocks
AUD/JPY-0.06%Neutral for UK stocks
US 10yr Yield-1.51%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE appears to have formed a min-range from 7,000 to around 7,130 – mid-way between the long-term range at 6,835 – 7,235.

FTSE futures have moved to the bottom of the mini-range and the bulls will be looking for support to hold firm to maintain hope of a retest of the top of the long-term range.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Coral Products (CRU)
James Halstead (JHD)
Quadrise Fuels (QFI)
Annual Report
Redrow (RDW)
International Economic Announcements
(09:00) PMI Composite (EU)
(09:00) PMI Services (EU)
(15:00) Factory Orders (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.