19th Nov 2021. 7.30am
Regency View:
Morning Report – Friday 19th November
FTSE to open at 7,293 (+37 pts)
In what was a quiet session on Wall Street yesterday, the most notable movements came from emerging markets which fell for a second day on inflation and China fears…
The FTSE emerging index fell 0.9% yesterday, posting its biggest daily drop since October as Turkey lowered interest rates and risk aversion increased.
Overnight in Asia, Hong Kong’s Hang Seng index is down more that 1%, reflecting yesterday’s weakness in emerging markets.
While this morning’s UK retail sales numbers came in ahead of expectations, showing a 0.8% jump month-on-month and a -1.3% drop year-on-year.
S&P 500 | +0.34% | Bullish for UK stocks |
Hang Seng | -1.22% | Bearish for UK stocks |
Gold | +0.01% | Neutral for UK stocks |
AUD/JPY | +0.24% | Bullish for UK stocks |
US 10yr Yield | -0.05% | Neutral for UK stocks |
The FTSE is back within touching distance of the key support area created by the ascending trendline and the broken summer highs.
Click here for a deeper dive on the FTSE to discover which sectors are showing high levels of relative strength, and which have been under-performing during the recent pullback.
Interim Results |
Carclo (CAR) |
Great Portland (GPOR) |
NextEnergy Solar (NESF) |
Wincanton (WIN) |
Q1 Results |
Seraphim Sp (SSIT) |
Q3 Results |
SDX Energy (SDX) |
Trading Announcements |
Kingfisher (KGF) |
UK Economic Announcements |
(00:01) GFK Consumer Confidence |
(07:00) Retail Sales |
(09:30) Public Sector Net Borrowing |
International Economic Announcements |
(07:00) Producer Price Index (GER) |
(09:00) Current Account (EU) |
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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.