28th May 2021. 7.16am
Regency View:
Morning Report – Friday 28th May
FTSE to open at 7,032 (+ 12pts)
Wall Street edged higher yesterday as US Initial Jobless Claims numbers fell to a fresh 14-month low…
The number of Americans filing new claims for unemployment benefits dropped to 406K, lower than the 425K expected.
In Asia, Japanese stocks jumped more than 2% as the long-awaited vaccine rollout boosted hopes of a sustained recovery.
| S&P 500 | +0.12% | Bullish for UK stocks |
| Hang Seng | +0.06% | Neutral for UK stocks |
| Gold | -0.28% | Bullish for UK stocks |
| AUD/JPY | -0.08% | Neutral for UK stocks |
| US 10yr Yield | +2.02% | Bearish for UK stocks |
It’s been a week of coiling and consolidation for the FTSE as the market funneled itself into the apex of the wedge.
This morning’s price action on the futures suggests that we may have to wait until after the bank holiday weekend until we get any decisive answer as to the direction of the breakout.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| HarbourVest Private Equity (HVPE) |
| Odyssean Inves. (OIT) |
| Volvere (VLE) |
| UK Economic Announcements |
| (09:30) Mortgage Approvals |
| (09:30) Consumer Credit |
| International Economic Announcements |
| (10:00) Industrial Confidence (EU) |
| (10:00) Economic Sentiment Indicator (EU) |
| (10:00) Services Sentiment (EU) |
| (10:00) Business Climate Indicator (EU) |
| (10:00) Consumer Confidence (EU) |
| (13:30) Personal Income (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.