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24th Mar 2021. 7.49am

Regency View:

Morning Report – Wednesday 23rd March

FTSE to open at 6,667 (-32 pts)

Asian stocks hit two-month lows overnight as the US dollar strengthen to four-month highs following European COVID-19 lockdowns and the posiibility of U.S. tax hikes – denting risk appetite.

The Hang Seng has broken below a key level of support today and this marks a medium-term top of Asian equities – setting us up for a weak start to European trading.

S&P 500-0.76%Bearish for UK stocks
Hang Seng+2.04%Bearish for UK stocks
Gold+0.03%Neutral for UK stocks
AUD/JPY-0.37%Bearish for UK stocks
US 10yr Yield-1.07%Bullish for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

The FTSE failed to muster another fightback and closed below the 6,705 support level that we’ve highlighted over the last week.

A move down towards the ascending trendline just above 6,600 now looks the most likely scenario.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Anglo Pacific (APF)
Burford Capital (BUR)
Circassia (CIR)
Cppgroup (CPP)
Ecsc Group (ECSC)
Kenmare Resources (KMR)
Keywords Studio (KWS)
Mhp Reg S (MHPC)
Pendragon (PDG)
Sopheon (SPE)
Strix Group (KETL)
Tclarke (CTO)
Telit (TCM)
Interim Results
Applied Graph. (AGM)
Bellway (BWY)
Softcat (SCT)
Q4 Results
Mhp Reg S (MHPC)
Trading Announcements
Diploma (DPLM)
UK Economic announcements
(07:00) Consumer Price Index
(07:00) Retail Price Index
(07:00) Producer Price Index
International Economic Announcements
(11:00) MBA Mortgage Applications (US)
(12:30) Durable Goods Orders (US)
(14:30) Crude Oil Inventories (US)
Today’s Financial Diary

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Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.