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.

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
Regency Risk Barometer Snapshot

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

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)
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.