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19th Nov 2021. 7.30am

Regency View:

Morning Report – Friday 19th November

FTSE to open at 7,293 (+37 pts)

In what was a quiet session on Wall Street yesterday, the most notable movements came from emerging markets which fell for a second day on inflation and China fears…

The FTSE emerging index fell 0.9% yesterday, posting its biggest daily drop since October as Turkey lowered interest rates and risk aversion increased.

Overnight in Asia, Hong Kong’s Hang Seng index is down more that 1%, reflecting yesterday’s weakness in emerging markets.

While this morning’s UK retail sales numbers came in ahead of expectations, showing a 0.8% jump month-on-month and a -1.3% drop year-on-year.

S&P 500+0.34%Bullish for UK stocks
Hang Seng-1.22%Bearish for UK stocks
Gold+0.01%Neutral for UK stocks
AUD/JPY+0.24%Bullish for UK stocks
US 10yr Yield-0.05%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE is back within touching distance of the key support area created by the ascending trendline and the broken summer highs.

Click here for a deeper dive on the FTSE to discover which sectors are showing high levels of relative strength, and which have been under-performing during the recent pullback.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Carclo (CAR)
Great Portland (GPOR)
NextEnergy Solar (NESF)
Wincanton (WIN)
Q1 Results
Seraphim Sp (SSIT)
Q3 Results
SDX Energy (SDX)
Trading Announcements
Kingfisher (KGF)
UK Economic Announcements
(00:01) GFK Consumer Confidence
(07:00) Retail Sales
(09:30) Public Sector Net Borrowing
International Economic Announcements
(07:00) Producer Price Index (GER)
(09:00) Current Account (EU)
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.