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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

?Risk Barometer Explained

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

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Disclaimer:

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