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9th Nov 2021. 7.45am

Regency View:

Morning Report – Tuesday 9th November

FTSE to open at 7,291 (-9 pts)

Wall Street equities completed their longest run of closing highs since 1997, and the S&P is now up more than 25% year to date.

The move comes after a strong corporate earnings season and central banks maintaining their easy monetary policies in the face of rising short-term inflation.

Overnight in Asia, it’s been a very quiet session, with the Hang Seng in small positive territory and the Nikkei 225 in small negative territory as we head into European trading.

S&P 500+0.09%Neutral for UK stocks
Hang Seng+0.16%Neutral for UK stocks
Gold-0.10%Neutral for UK stocks
AUD/JPY-0.34%Bearish for UK stocks
US 10yr Yield+1.52%Bearish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the market coil within Friday’s range – forming an ‘inside day’ pattern.

As always, with a clear inside day pattern, the extremities of the gold box (see chart below) becomes very significant and we’ll be watching closely to see how the market responds to the top and bottom of Friday’s range if and when it’s tested.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
AB Foods (ABF)
Interim Results
Renewi Plc (RWI)
Warehouse Reit (WHR)
Trading Announcements
Direct Line (DLG)
Grafton Group (GFTU)
Meggitt (MGGT)
Persimmon (PSN)
Watches Switz (WOSG)
UK Economic Announcements
(00:01) BRC Shop Price Index
International Economic Announcements
(07:00) Current Account (GER)
(07:00) Balance of Trade (GER)
(10:00) ZEW Survey (GER) – Current Situation
(10:00) ZEW Survey (EU) – Economic Sentiment
(10:00) ZEW Survey (GER) – Economic Sentiment
(13:30) Producer Price Index (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.