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8th Sep 2021. 7.47am

Regency View:

Morning Report – Wednesday 8th September

FTSE to open at 7,117 (-32 pts)

The S&P 500 retreated from highs yesterday as traders continue to digest Friday’s weak set of non-farm payrolls.

Overnight, sentiment in Asia mirrored yesterday’s weakness on Wall Street as the US dollar strengthened and risk aversion started rise.

However, our Risk Barometer is in relatively neutral territory as we head into European trading.

S&P 500-0.34%Bearish for UK stocks
Hang Seng-0.19%Bearish for UK stocks
Gold+0.12%Neutral for UK stocks
AUD/JPY-0.03%Neutral for UK stocks
US 10yr Yield+2.90%Bullish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s price action saw the FTSE fail to break through 7,190 resistance and erase all of Monday’s gains.

The futures have bounced from the ascending trendline (gold dotted line) in early trading, but a retest of last week’s lows at 7,092 looks the most likely scenario for today’s session.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Dunelm (DNLM)
Mattioli (MTW)
Interim Results
Bakkavor (BAKK)
Impact Health (IHR)
Inspecs Group (SPEC)
Pebble Beach (PEB)
Somero Enter Di (SOM)
Trading Announcements
Biffa (BIFF)
International Economic Announcements
(12:00) MBA Mortgage Applications (US)
(15:30) Crude Oil Inventories (US)
(20:00) Consumer Credit (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.