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6th Jul 2022. 7.45am

Regency View:

Morning Report – Wednesday 6th July

FTSE to open at 7,090 (+65 pts)

A raft of resignations from Boris Johnson’s front bench, including Chancellor Rishi Sunak, prompted a sharp sell-off in UK stocks yesterday.

All eyes will be on Prime Minister’s Questions at noon today as Boris Johnson attempts to save his leadership.

Overnight in Asia, stocks in Hong Kong and Japan have dropped following a strong surge in the US dollar yesterday.

S&P 500+0.16%Neutral for UK stocks
Hang Seng-2.33%Bearish for UK stocks
Gold+0.11%Neutral for UK stocks
AUD/JPY-0.45%Bearish for UK stocks
US 10yr Yield-116ptsBullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE sold off throughout yesterday’s session – breaking below the swing support area that we had previously highlighted.

With political instability likely to escalate into the weekend, it’s likely the FTSE will retest its June lows.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
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Activeops (AOM)
Redde Northgate (REDD)
D4t4 Solutions (D4T4)
Zoo Digital (ZOO)
Enteq Tech (NTQ)
Annual Report
Monks Inv (MNKS)
Interim Results
Robert Walters (RWA)
Trading Announcements
Ten Ent Grp (TEG)
UK Economic Announcements
(09:30) PMI Construction
International Economic Announcements
(07:00) Factory Orders (GER)
(10:00) Retail Sales (EU)
(12:00) MBA Mortgage Applications (US)
(14:45) PMI Services (US)
(14:45) PMI Composite (US)
(15:00) ISM Services (US)
(15:00) ISM Prices Paid (US)
(15:30) Crude Oil Inventories (US)
(19:00) FOMC Interest Rate Minutes (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.