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11th Oct 2022. 7.46am

Regency View:

Morning Report – Tuesday 11th October

FTSE to open at 6,942 (+17 pts)

Stocks on Wall Street moved lower yesterday as the yield on US 10yr Treasuries edged back towards recent highs.

Asian markets have mirrored the weakness on Wall Street with Hong Kong’s benchmark index dropping to its lowest level in nearly 11 years as investors fretted over new US restrictions on Chinese access to high-end technology.

The Bank of England has widened its bond-buying programme to include index-linked gilts with the central back seeking to quell “dysfunction” in the bond market.

PLEASE NOTE: This Friday will be our last Morning Report bulletin. Moving forward, we will be focusing on our trader education service, Regency Academy. You can sign up to our FREE course, Seven Secrets of Price Action Trading by CLICKING HERE.

S&P 500-0.75%Bearish for UK stocks
Hang Seng-1.69%Bearish for UK stocks
Gold+0.02%Neutral for UK stocks
AUD/JPY-0.50%Bearish for UK stocks
US 10yr Yield+72ptsBearish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

The FTSE edged lower yesterday in what looks to be a low volatility retracement.

This morning’s pre-open price action has seen the market retest yesterday’s low – an area which may provide some short-term support.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
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Disclaimer:

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