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6th Jul 2021. 7.48am

Regency View:

Morning Report – Tuesday 6th July

FTSE to open at 7,144 (-21 pts)

With the U.S. market closed for Independence Day yesterday, it’s been an understandably quiet Asian session…

Hong Kong’s Hang Seng index has dropped back towards two-month lows, but Japan’s Nikkei 225 is flat on the day.

This morning’s start to European trading is likely to be dominated by a raft of European economic data hitting our screens at 10am (UK time) including European retail sales and German economic sentiment data.

S&P 5000.00%Neutral for UK stocks
Hang Seng-0.30%Bearish for UK stocks
Gold+0.86%Bearish for UK stocks
AUD/JPY+0.72%Bullish for UK stocks
US 10yr Yield+0.00%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE put in another small re-test of resistance yesterday – closing and holding just below it.

This morning’s futures prices have started to retreat from the resistance zone, but we’re unable to gauge the importance of this price action until the U.S. market comes back online after yesterday’s Independence Day holiday.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Kinovo Plc (KINO)
Mercia Asset (MERC)
Purplebricks (PURP)
Totally (TLY)
Interim Results
Rm (RM.)
Trading Announcements
Sainsbury (J) (SBRY)
UK Economic Announcements
(09:30) PMI Construction
International Economic Announcements
(07:00) Factory Orders (GER)
(10:00) ZEW Survey (GER) – Current Situation
(10:00) ZEW Survey (GER) – Economic Sentiment
(10:00) Retail Sales (EU)
(10:00) ZEW Survey (EU) – Economic Sentiment
(14:45) PMI Composite (US)
(14:45) PMI Services (US)
(15:00) ISM Prices Paid (US)
(15:00) ISM Services (US)
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.