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10th Aug 2022. 7.48am

Regency View:

Morning Report – Wednesday 10th August

FTSE to open at 7,474 (-14 pts)

Stocks on Wall Street continued to tread water near recent highs as investors await today’s key inflation data…

US consumer price index inflation reached 9.1% in June, the highest level in 40 years, which the Fed has met with back-to-back interest rate increases of 0.75 percentage points.

Overnight in Asia, stocks in Hong Kong have sank more than -2% lower – taking the Hang Seng index back to its May lows.

S&P 500-0.42%Bearish for UK stocks
Hang Seng-2.53%Bearish for UK stocks
Gold-0.34%Bullish for UK stocks
AUD/JPY-0.19%Neutral for UK stocks
US 10yr Yield+22ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE daily rolling futures printed its smallest daily range of the year as the market coiled beneath the inside day highs.

This tiny daily range indicates that the market could be set for a multi-day directional move.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
ContourGlobal (GLO)
Legal & General (LGEN)
CLS Holdings (CLI)
Genuit Grp Plc (GEN)
Hostelworld (HSW)
Atalaya Mining (ATYM)
Arix Bioscience (ARIX)
International Economic Announcements
(07:00) Consumer Price Index (GER)
(12:00) MBA Mortgage Applications (US)
(13:30) Consumer Price Index (US)
(15:00) Wholesales Inventories (US)
(15:30) Crude Oil Inventories (US)
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.