8th Nov 2021. 7.46am
Regency View:
Morning Report – Monday 8th November
FTSE to open at 7,303 (-1 pt)
Friday’s US non-farm payrolls data came in ahead of expectations as the headwind from a surge in COVID-19 infections over the summer subsided.
While Chinese trade data, released on Sunday showed China’s exports beat forecasts in October to deliver a record trade surplus, but a miss on imports added to evidence of a slowing in domestic demand.
Looking ahead the week, markets will be firmly focused on consumer demand, with UK retail sales on Tuesday, and Chinese and US inflation data on Wednesday.
| S&P 500 | +0.37% | Bullish for UK stocks |
| Hang Seng | -0.48% | Bearish for UK stocks |
| Gold | -0.07% | Neutral for UK stocks |
| AUD/JPY | +0.22% | Bullish for UK stocks |
| US 10yr Yield | -4.77% | Bullish for UK stocks |
The FTSE put in a strong move higher on Friday as prices rallied from the steepest ascending trendline (see chart below).
Short-term momentum is firmly bullish and in-line with the dominant trend structure.
FTSE 100 Daily Rolling Futures – Key Levels
| Interim Results |
| Argentex Group. (AGFX) |
| Cake Box Holdi. (CBOX) |
| Sirius R E. (SRE) |
| Q2 Results |
| Phosagro S (PHOR) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.