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17th May 2021. 7.41am

Regency View:

Morning Report – Monday 17th May

FTSE to open at 7,038 (-6 pts)

A mixed bag of Chinese economic data has seen European futures retreat from Friday’s highs…

Chinese retail sales rose 17.7% in April (year-on-year), below analyst estimates of 24.9%, while industrial production numbers matched expectations with a rise of 9.8%.

Our risk barometer is also painting a mixed picture, with a strong finish to last week from US stocks offset by gold hitting new highs for the month, indicating that risk aversion is increasing.

S&P 500+1.49%Bullish for UK stocks
Hang Seng+0.58%Bullish for UK stocks
Gold+0.59%Bearish for UK stocks
AUD/JPY-0.36%Bearish for UK stocks
US 10yr Yield-2.06%Bullish for UK stocks
Regency Risk Barometer Snapshot

On Friday, the FTSE rallied strongly from Thursday’s bullish hammer candle, erasing over half the index’s losses for the week.

Should the market hold near Friday’s highs during the opening rotation, we could well see the market make a run for last week’s swing highs.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Petropavlovsk (POG)
Interim Results
Cerillion (CER)
Diploma (DPLM)
Hollywood Bwl (BOWL)
Q1 Results
Fondul Proprietatea (FP.)
Acron Regs (AKRN)
International Economic Announcements
(07:00) Wholesale Price Index (GER)
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.