Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

19th Mar 2021. 7.14am

Regency View:

Morning Report – Friday 19th March

FTSE to open at 6,731 (-48 pts)

We mentioned in yesterday’s Morning Report that the jump in US 10yr yields, which came in spite of the dovish Fed comments, might weigh on stocks and that was certainly the case during the US session…

The S&P 500 put in a sharp reversal – closing back below the February highs, and this negativity followed through into the Asian session with the Hang Seng trading back near its March lows.

Should the S&P close the week near yesterday’s low or lower, this week will represent a short-term inflection point for stocks.

S&P 500-1.48%Bearish for UK stocks
Hang Seng-2.02%Bearish for UK stocks
Gold+0.26%Neutral for UK stocks
AUD/JPY-0.04%Neutral for UK stocks
US 10yr Yield-1.65%Bullish for UK stocks
Regency Risk Barometer Snapshot

FTSE futures sank lower during US trading hours and this has set the cash market up for a bearish open.

All eyes are now on 6,705 support – a level which coincides with an ascending trendline. Should the market break this support level, a drop down into 6,600 looks the most likely scenario.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
ContourGlobal (GLO)
Johnson Service (JSG)
Sanne Group (SNN)
Annual Report
James Fisher and Sons (FSJ)
Intertek Group (ITRK)
UK Economic Announcements
(00:01) GFK Consumer Confidence
(09:30) Public Sector Net Borrowing
International Economic Announcements
(07:00) Producer Price Index (GER)
Today’s Financial Diary

Don’t have a Regency account yet?

Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.

Create Account

Any Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital


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