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12th Oct 2021. 7.45am

Regency View:

Morning Report – Tuesday 12th October

FTSE to open at 7,072 (-74 pts)

The S&P 500 failed to hold onto its early gains and closed on lows for the session – forming a lower swing high in the process.

Weakness on Wall Street followed through into Asian trading, and the Hang Seng and Nikkei 225 have moved lower overnight.

This morning’s UK Average Earnings Excluding Bonus data came in just ahead of market expectations, showing a 6% increase (3Mo/Yr)(Aug) versus 5.9% expected. And the UK ILO Unemployment Rate (3M)(Aug) was in-line with expectations at 4.5%.

S&P 500-0.69%Bearish for UK stocks
Hang Seng-1.61%Bearish for UK stocks
Gold+0.41%Bearish for UK stocks
AUD/JPY-0.08%Neutral for UK stocks
US 10yr Yield+1.66%Bearish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE press up into the October swing highs. However, this resistance level was swiftly rejected and the futures have retreated back towards yesterday’s lows overnight.

A break below yesterday’s lows during the opening rotation could trigger a larger sell-off.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Dx Plc (DX.)
Maestrano Group (MNO)
YouGov (YOU)
Trading Announcements
Xp Power (XPP)
Annual Report
Thorpe (F.w) (TFW)
UK Economic Announcements
(00:01) Retail Sales
(07:00) Unemployment Rate
(07:00) Claimant Count Rate
International Economic Announcements
(10:00) ZEW Survey (GER) – Economic Sentiment
(10:00) ZEW Survey (EU) – Economic Sentiment
(10:00) ZEW Survey (GER) – Current Situation
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.