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15th Oct 2021. 7.50am

Regency View:

Morning Report – Friday 15th October

FTSE to open at 7,232 (+25pts)

We saw another strong trading session on Wall Street yesterday, with all three major US indexes closing over 1.5% higher.

Encouraging earnings season updates helped to drive the rally, including better-than-expected quarterly figures from the Bank of America.

Asian stocks traced the gains made on Wall Street during the overnight session, boosted by upbeat results in Japan from technology stocks on the Nikkei 225.

S&P 500+1.71%Bullish for UK stocks
Hang Seng+1.20%Bullish for UK stocks
Gold-0.25%Bullish for UK stocks
AUD/JPY+0.42%Bullish for UK stocks
US 10yr Yield-1.32%Bullish for UK stocks
Regency Risk Barometer Snapshot

After breaking through and closing well above resistance from early September in yesterday’s trading, the next key level to monitor will be the FSTE 100’s current 52 week high at 7,224.

This level, last reached back in August, is particularly significant for the UK’s benchmark index. We’ll be watching to see if the strong upwards momentum can continue today with a close above it, marking what would be a new post-pandemic high.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Trading Announcements
Rio Tinto (RIO)
Annual Report
James Halstead (JHD)
UK Economic Announcements
(00:01) RICS Housing Market Survey
International Economic Announcements
(10:00) Balance of Trade (EU)
(13:30) Retail Sales (US)
(13:30) Import and Export Price Indices (US)
(15:00) U. of Michigan Confidence (Prelim) (US)
(15:00) Business 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.