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5th Oct 2022. 7.46am

Regency View:

Morning Report – Wednesday 5th October

FTSE to open at 7,071 (-15 pts)

The S&P 500 added a further 3% of gains on Tuesday as weak employment data from the Bureau of Labor Statistics stoked hopes that the Fed might be forced to slow the pace of its interest rate rises.

Asian stocks have followed Wall Street higher with Hong Kong’s Hang Seng surging more than 6% higher as the market returned from a holiday.

In Europe, EU member states are closing in on a deal to impose a price cap on Russian oil as they seek to drive down the Kremlin’s revenues.

S&P 500+3.06%Bullish for UK stocks
Hang Seng+6.24%Bullish for UK stocks
Gold-0.17%Neutral for UK stocks
AUD/JPY+0.17%Neutral for UK stocks
US 10yr Yield+11ptsNeutral for UK stocks
Regency Risk Barometer Snapshot

Having formed a bullish reversal candle on Monday, the FTSE put in a strong thrust to the upside during yesterday’s session – closing near highs for the day.

This burst of bullish momentum has the potential to trigger a more substantial rally.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Netcall (NET)
Interim Results
Tesco (TSCO)
UK Economic Announcements
(09:30) PMI Composite
International Economic Announcements
(09:00) PMI Services (EU)
(09:00) PMI Composite (EU)
(13:30) Balance of Trade (US)
(14:45) PMI Composite (US)
(14:45) PMI Services (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.