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6th Oct 2021. 7.43am

Regency View:

Morning Report – Wednesday 6th October

FTSE to open at 7,027 (-50 pts)

Stocks on Wall Street held their ground yesterday despite growing concerns that the US may be hurtling towards an unprecedented debt default in two weeks’ time if it fails to raise its debt ceiling.

The yield on benchmark 10-year Treasury notes neared a four-month high – strengthening the US dollar and putting pressure on commodities.

Overnight in Asia, stocks failed to hold onto early session gains and both Hong Kong and Japanese benchmarks are in negative territory as we head towards the European open.

S&P 500+1.05%Bullish for UK stocks
Hang Seng-0.47%Bearish for UK stocks
Gold-0.41%Bullish for UK stocks
AUD/JPY-0.11%Neutral for UK stocks
US 10yr Yield+3.31%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE is continuing to coil and compress as volatility contracts…

Yesterday’s price action was contained within Monday’s range – forming a second consecutive ‘inside day’ – signalling that we may see some expansive directional movement in the coming sessions.

The futures have moved lower overnight, taking the market back towards short-term support at the open.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Netcall (NET)
Interim Results
Allied Minds (ALM)
Tesco (TSCO)
Trading Announcements
Ferrexpo (FXPO)
Sirius R E. (SRE)
Interim Management Statement
City Of London (CIN)
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)
(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.