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5th Jul 2022. 7.46am

Regency View:

Morning Report – Monday 5th July

FTSE to open at 7,266 (+33 pts)

Asian stocks have had a quietly bullish session, with stocks in Hong Kong buoyed by rumors of a large Chinese infrastructure spending package…

According to Reuters, China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a flagging economy.

Our Risk Barometer is in mildly bullish territory as we head into the European open.

S&P 5000.00%Neutral for UK stocks
Hang Seng+0.25%Bullish for UK stocks
Gold+0.03%Neutral for UK stocks
AUD/JPY+0.28%Bullish for UK stocks
US 10yr Yield+15ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

With US market’s closed for Independence Day yesterday, the FTSE unsurprisingly had a quiet session.

We have two short-term inflection points which define the FTSE’s current structure, swing resistance at 7,360 and swing support at 7,100.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
UK Economic Announcements
(08:30) S&P Global/CIPS Composite PMI (Jun)
(09:30) Financial Stability Report
International Economic Announcements
(14:00) US Factory Orders (MoM)(May)
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.