Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

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

Don’t have a Regency account yet?

Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.

Create Account

Any Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital

Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.