Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.

9th Aug 2022. 7.45am

Regency View:

Morning Report – Tuesday 9th August

FTSE to open at 7,472 (-10 pts)

US stocks ticked lower yesterday as traders weight the outlook for rate rises against Friday’s strong non-farm payrolls.

Overnight in Asia, stocks have followed Wall Street lower with the Hang Seng currently -0.21% in the red and the Nikkei 225 down -0.88%.

S&P 500-0.12%Neutral for UK stocks
Hang Seng-0.21%Neutral for UK stocks
Gold-0.22%Neutral for UK stocks
AUD/JPY-0.17%Neutral for UK stocks
US 10yr Yield-93ptsBullish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE press higher into the top of the inside day pattern that we highlighted in previous Morning Reports.

Importantly, the market could not close above the inside day highs and this makes the market vulnerable to a retest of the inside day lows.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Abrdn Plc (ABDN)
TI Fluid Systems (TIFS)
InterContinental Hotels (IHG)
Flutter Ent (FLTR)
H&t Group Plc (HAT)
RPS Group (RPS)
Zotefoams (ZTF)
Trading Announcements
Bellway (BWY)
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.