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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
Regency Risk Barometer Snapshot

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

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)
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.