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6th Oct 2022. 7.43am

Regency View:

Morning Report – Thursday 6th October

FTSE to open at 7,088 (+35 pts)

US stocks tread water yesterday as Treasury yields started to rally again.

Asian markets are mixed, with Hong Kong’s Hang Seng posting small losses and Japan’s Nikkei 225 up 0.70%.

In Europe, this morning’s German industrial orders shrunk more than expected, falling 2.4% between July and August, adding evidence that the country has already entered a recession.

S&P 500-0.20%Neutral for UK stocks
Hang Seng-0.39%Bearish for UK stocks
Gold+0.38%Bearish for UK stocks
AUD/JPY+0.41%Bullish for UK stocks
US 10yr Yield+126ptsBearish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE daily rolling futures form a small ‘inside hammer candle’.

This is a classic consolidation pattern and signals upside continuation, which we are already starting to see from this morning’s pre-open price action.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Avation (AVAP)
Trading Announcements
Rs Group (RS1)
Interim Management Statement
City Of London (CIN)
UK Economic Announcements
(09:30) PMI Construction
International Economic Announcements
(07:00) Factory Orders (GER)
(10:00) Retail Sales (EU)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (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.