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21st May 2021. 7.07am

Regency View:

Morning Report – Friday 21st May

FTSE to open at 7,022 (+3 pts)

Wall Street snapped a three-day losing streak yesterday following better than expected US jobs data…

Initial jobless claims came in at 444,000 – a new pandemic-era low and better than the 450,000 expected.

The positive sentiment could not be carried through into Asian trading, with Hong Kong’s Hang Seng index flat on the session.

S&P 500+1.06%Bullish for UK stocks
Hang Seng-0.13%Neutral for UK stocks
Gold-0.03%Neutral for UK stocks
AUD/JPY-0.23%Neutral for UK stocks
US 10yr Yield-2.46%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE rallied from the bottom of the emerging wedge formation that we’d identified in yesterday’s Morning Report.

Should we test the top of the wedge during today’s session, we’d expect to see some profit taking into the weekend.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Investec (INVP)
Interim Results
Electra Private Equity (ELTA)
Trading Announcements
Close Bros (CBG)
Electra Private Equity (ELTA)
UK Economic Announcements
(00:01) GFK Consumer Confidence
(07:00) Retail Sales
International Economic Announcements
(15:00) Existing Home Sales (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.