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7th Oct 2021. 7.46am

Regency View:

Morning Report – Thursday 7th October

FTSE to open at 7,071 (+75 pts)

Global stocks have been lifted on hopes that politicians in Washington are close to a temporary deal that would avoid a shutdown of the U.S. government and see an extension of the federal debt ceiling into December.

This morning’s UK house price data came in ahead of expectations, showing a 1.7% increase month-on-month for September versus 0.8% expected, and a 7.4% year on year for Q3 versus 4.9% expected.

S&P 500+0.41%Bearish for UK stocks
Hang Seng+2.69%Bullish for UK stocks
Gold-0.08%Bearish for UK stocks
AUD/JPY+0.28%Bullish for UK stocks
US 10yr Yield-0.37%Bearish for UK stocks
Regency Risk Barometer Snapshot

We saw volatility increase yesterday as the market whipsawed more than 120 points, breaking lower at first before bouncing back.

The futures are now sat just below the cluster of highs that have formed during the last four sessions – a swift break above thos highs at the open should see the market press up into 7,133.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Eenergy Group (EAAS)
Volution Group PLS (FAN)
Interim Results
Morses Club (MCL)
Trading Announcements
Entain (ENT)
Mondi (MNDI)
UK Economic Announcements
(07:00) Halifax House Price Index
International Economic Announcements
(07:00) Industrial Production (GER)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (US)
(20:00) Consumer Credit (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.