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7th Dec 2021. 7.45am

Regency View:

Morning Report – Tuesday 7th December

FTSE to open at 7,272 (+40 pts)

Travel stocks lead Wall Street higher yesterday as fears that Omicron would lead to fresh lockdowns eased.

While Chinese stock have been given a boost after Beijing signaled its first substantial policy loosening since the early days of the pandemic…

China’s central bank said it would free up Rmb1.2tn ($188bn) of liquidity for the banking system by cutting its reserve ratio by 50 basis points.

S&P 500+1.17%Bullish for UK stocks
Hang Seng+2.50%Bullish for UK stocks
Gold+0.27%Bearish for UK stocks
AUD/JPY+0.73%Bullish for UK stocks
US 10yr Yield+3.65%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE broke higher with strong momentum yesterday – taking prices deep into the resistance zone.

This has been followed by further gains from the futures overnight, and the cash market is set to open above both the horizontal resistance zone and descending retracement line created by the recent series of lower swing highs.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Hyve Grp. (HYVE)
Ixico (IXI)
Renew Holdings (RNWH)
Paragon Group (PAG)
Caretech Hldg (CTH)
Interim Results
Kinovo Plc (KINO)
Mercia Asset (MERC)
Vianet Grp (VNET)
Supreme Plc (SUP)
Babcock (BAB)
Solid State (SOLI)
SDI Group (SDI)
International Economic Announcements
(10:00) ZEW Survey (GER) – Economic Sentiment
(10:00) ZEW Survey (GER) – Current Situation
(20:00) Consumer Credit (US)
(10:00) Gross Domestic Product (EU)
(10:00) ZEW Survey (EU) – Economic Sentiment
(07:00) Industrial Production (GER)
(07:00) Halifax House Price Index
(00:01) Retail Sales
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.