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5th Sep 2022. 7.47am

Regency View:

Morning Report – Monday 5th September

FTSE to open at 7,218 (-63 pts)

European gas prices have surged by almost a third in early trading today following Russia’s indefinite suspension of the Nord Stream 1 pipeline.

Overnight in Asia, stocks have weekended in Hong Kong as China extended lockdown in key cities ahead of its holiday season.

Looking ahead this week, we have a key OPEC+ meeting today in which Saudi Arabia are likely to push for a cut in oil production if prices keep falling.

We also have the UK’s Conservative party leadership election – with Liz Truss the clear favourite to become the next PM.

And on Thursday, the European Central Bank’s monetary policy committee meets to review how it can curb eurozone inflation.

S&P 500-1.07%Bearish for UK stocks
Hang Seng-1.27%Bearish for UK stocks
Gold-0.13%Neutral for UK stocks
AUD/JPY-0.11%Neutral for UK stocks
US 10yr Yield-68ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Friday’s price action saw the FTSE put in a relief rally following heavy losses throughout the week.

However, the market weakened during after hours trading and the FTSE is set to open lower.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Dechra (DPH)
Pci-pal (PCIP)
UK Economic Announcements
(09:30) PMI Services
(09:30) PMI Composite
International Economic Announcements
(08:00) OPEC+ Meeting (US)
(08:55) PMI Services (GER)
(08:55) PMI Composite (GER)
(09:00) PMI Composite (EU)
(09:00) PMI Services (EU)
(10:00) Retail Sales (EU)
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.