18th Jun 2021. 7.19am
Morning Report – Friday 18th June
FTSE to open at 7,147 (-5 pts)
Yesterday’s US economic data suggests the US jobs market is healing despite an unexpected jump in weekly initial jobless claims…
412,000 Americans filing new claims for unemployment benefits last week – increasing for first time in over six weeks and more than the 359,000 analysts had expected. However, layoffs are easing amid a reopening economy and a shortage of people willing to work.
Short-term risk appetite looks mixed as we head into European trading, with safe haven gold rally but Asian equities bouncing.
|S&P 500||-0.04%||Neutral for UK stocks|
|Hang Seng||+0.73%||Bullish for UK stocks|
|Gold||+0.60%||Bearish for UK stocks|
|AUD/JPY||-0.31%||Bearish for UK stocks|
|US 10yr Yield||-5.32%||Bullish for UK stocks|
For the FTSE, it’s been a week which started in bullish breakout optimism and ended in a failure.
With prices below resistance , we’re still anticipating a retest of the ascending trendline (gold dotted line).
|Kingswood H. (KWG)|
|Lindsell Train (LTI)|
|Mode Global Ho. (MODE)|
|Mountview Est. (MTVW)|
|NextEnergy Solar (NESF)|
|Open Orphan (ORPH)|
|Caretech Hldg (CTH)|
|River Merc Red (RMMC)|
|Toople Plc (TOOP)|
|Brown Group (BWNG)|
|Loungers Plc (LGRS)|
|International Economic Announcements|
|(10:00) Consumer Price Index (EU)|
|(13:30) Continuing Claims (US)|
|(13:30) Initial Jobless Claims (US)|
|(13:30) Philadelphia Fed Index (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.