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7th Jul 2022. 7.48am

Regency View:

Morning Report – Thursday 7th July

FTSE to open at 7,170 (+63 pts)

Stocks on Wall Street edged higher yesterday in thin summer volumes ahead of tomorrow’s non-farm payrolls.

Overnight in Asia, Chinese stocks have remained subdued as the US dollar remains at multi-year highs. While Japanese stocks have bounced following dovish comments from Bank of Japan Governor Kuroda.

The Downing Street resignation list has increased further this morning with Northern Ireland Secretary, Brandon Lewis and Secretary of State to Wales, Simon Hart joining over 40 other members of the Tory party who have quit during the last 48 hours.

S&P 500+0.36%Bullish for UK stocks
Hang Seng-0.14%Neutral for UK stocks
Gold+0.33%Bearish for UK stocks
AUD/JPY+0.59%Bullish for UK stocks
US 10yr Yield+117ptsBearish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action on the FTSE was fully contained within Tuesday’s range – forming an inside day pattern.

This pattern signals that volatility is contracting and that we are likely to see a directional move in the coming sessions.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Currys Plc (CURY)
Baltic (BCG)
Watches Switz (WOSG)
Jet2 Plc (JET2)
Trading Announcements
Persimmon (PSN)
Vistry Grp (VTY)
Rs Group (RS1)
Time Finance (TIME)
Entain (ENT)
UK Economic Announcements
(07:00) Halifax House Price Index
International Economic Announcements
(13:30) Initial Jobless Claims (US)
(13:30) Continuing Claims (US)
(07:00) Industrial Production (GER)
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.