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30th Jun 2021. 7.46am

Regency View:

Morning Report – Wednesday 30th June

FTSE to open at 7,075 (-12 pts)

Asian stocks have weakened as China’s factory activity expanded at a slightly slower pace in June.

The reduced growth rate was due to high raw material costs and port disruptions in the export province of Guangdong.

This morning’s UK GDP numbers came in below expectations with the UK economy contracting 1.6% quarter-on-quarter (Q1) – taking FTSE futures lower as we head towards the opening bell.

S&P 500+0.03%Neutral for UK stocks
Hang Seng-0.47%Bearish for UK stocks
Gold-0.04%Neutral for UK stocks
AUD/JPY+0.17%Neutral for UK stocks
US 10yr Yield-0.55%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE failed to muster much of fightback yesterday as the market sold-off into the close.

As mentioned in yesterday’s Morning Report, the logical next step for the market is a retest of the support zone at 7,000 – 6,941.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Aminex (AEX)
Cake Box Holdi. (CBOX)
Carclo (CAR)
Civitas Social Housing (CSH)
Dixons Carphone (DC.)
M&C Saatchi (SAA)
Non-standard (NSF)
OptiBiotix Health (OPTI)
Stagecoach (SGC)
Studio Ret (STU)
Interim Results
Harworth Gp (HWG)
Velocity Comp (VEL)
Trading Announcements
Serco (SRP)
UK Economic Announcements
(00:01) BRC Shop Price Index
(07:00) Current Account
(07:00) Gross Domestic Product
International Economic Announcements
(08:55) Unemployment Rate (GER)
(12:00) MBA Mortgage Applications (US)
(14:45) Chicago PMI (US)
(15:00) Pending Homes Sales (US)
(15:30) Crude Oil Inventories (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.