Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.

29th Sep 2021. 7.47am

Regency View:

Morning Report – Wednesday 29th September

FTSE to open at 7,032 (+4 pts)

US stocks were pummeled yesterday as fears of ‘stagflation’ loomed large…

The S&P 500 dropped more than 2% with tech stocks hit the hardest as expectations of interest rate increases, higher inflation and slower economic growth put the S&P’s long-term bull run into question.

Overnight in Asia, we’ve seen markets Chinese stocks tread water, and Japanese stocks move lower as we head into the European open.

S&P 500-1.13%Bearish for UK stocks
Hang Seng-1.10%Bearish for UK stocks
Gold+0.54%Bearish for UK stocks
AUD/JPY-0.18%Neutral for UK stocks
US 10yr Yield+73ptsBearish for UK stocks
Regency Risk Barometer Snapshot

We mentioned in yesterday’s Morning Report that two bearish ‘pin-bar’ candles in three sessions signaled weakness, and we saw the market move lower.

It’s worth noting that the FTSE’s sell-off was nowhere near as severe as the S&P, and prices seem to be tracking the broken descending trendline as the market retraces.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Thungela Res (TGA)
Mti Wireless (MWE)
UK Economic Announcements
(00:01) RICS Housing Market Survey
International Economic Announcements
(07:00) Wholesale Price Index (GER)
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


This research is prepared for general information only and should not be construed as any form of investment advice.