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30th Apr 2021. 7.02am

Regency View:

Morning Report – Friday 30th April

FTSE to open at 6,935 (-26 pts)

Wall Street recorded another record high yesterday after the US government reported the strongest rate of growth during the first three months of the year since 1984.

The strong US data also sparked a rally in commodity prices as traders continue to price-in long-term inflationary pressures.

Asian stocks have chosen to focus on the inflation risk and have traded lower, European futures are also pointing towards a weaker open.

S&P 500+0.68%Bullish for UK stocks
Hang Seng-1.76%Bearish for UK stocks
Gold-0.15%Neutral for UK stocks
AUD/JPY+0.06%Neutral for UK stocks
US 10yr Yield+0.43%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE failed to hold onto its gains yesterday as prices weakened during the later half of European trading – causing the futures to form a bearish pin-bar candle.

7,000 remains a step too far for the FTSE right now, and given yesterday’s intra-day failure, we may see some weakness as we head into the long weekend.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Westminster Group (WSG)
Interim Results
Infrastrata (INFA)
Up Global (UPGS)
Q1 Results
Astrazeneca (AZN)
Barclays (BARC)
Trading Announcements
Smurfit Kappa (SKG)
International Economic Announcements
(07:00) GDP (Preliminary) (GER)
(08:00) Import Price Index (GER)
(10:00) Unemployment Rate (EU)
(10:00) GDP (Preliminary) (EU)
(13:30) Personal Income (US)
(13:30) Personal Consumption Expenditures (US)
(13:30) Personal Spending (US)
(14:45) Chicago PMI (US)
(15:00) U. of Michigan Confidence (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.