18th Jun 2021. 7.19am
Regency View:
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).
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Dr.martens (DOCS) |
| Halfords (HFD) |
| Kingswood H. (KWG) |
| Lindsell Train (LTI) |
| Mode Global Ho. (MODE) |
| Mountview Est. (MTVW) |
| NextEnergy Solar (NESF) |
| Open Orphan (ORPH) |
| Record (REC) |
| Syncona (SYNC) |
| Volex (VLX) |
| Interim Results |
| Caretech Hldg (CTH) |
| Lpa (LPA) |
| River Merc Red (RMMC) |
| Safestore (SAFE) |
| Toople Plc (TOOP) |
| Trading Announcements |
| Brown Group (BWNG) |
| Filtronic (FTC) |
| Loungers Plc (LGRS) |
| Ncc (NCC) |
| Trainline (TRN) |
| Whitbread (WTB) |
| 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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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.