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.

8th Jul 2021. 7.49am

Regency View:

Morning Report – Thursday 8th July

FTSE to open at 7,106 (-45 pts)

Hong Kong’s Hang Seng index has taken a hammering overnight – breaking to its lowest level since the turn of the year…

The sell-off is tech focused with Tencent, Alibaba and Meituan among the markets biggest faller as regulatory fears resurfaced.

Beijing recently announced that regulation would be tightened on Chinese listings in the US – many of whom are tech companies.

The Asian sell-off has created a bearish backdrop to this morning’s European open.

S&P 500+0.34%Bullish for UK stocks
Hang Seng-2.75%Bearish for UK stocks
Gold-0.35%Bullish for UK stocks
AUD/JPY-0.69%Bearish for UK stocks
US 10yr Yield-2.35%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE bounced back quite impressively yesterday – take prices back towards the 7,167 resistance level.

However, the futures have given way to the weakness in Asian stocks overnight and we’re now set to open at roughly the halfway point of this weeks choppy range.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Fuller Smith & Turner (FSTA)
Jet2 Plc (JET2)
Reneuron (RENE)
Watches Switz (WOSG)
Trading Announcements
Electrocomponents (ECM)
Entain (ENT)
Persimmon (PSN)
UK Economic Announcements
(00:01) RICS Housing Market Survey
International Economic Announcements
(07:00) Current Account (GER)
(07:00) Balance of Trade (GER)
(13:30) Initial Jobless Claims (US)
(13:30) Continuing Claims (US)
(15:30) Crude Oil Inventories (US)
(20:00) Consumer Credit (US)
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


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