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.

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

?Risk Barometer Explained

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

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

Disclaimer:

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