18th Oct 2021. 7.18am
Regency View:
Morning Report – Monday 18th October
FTSE to open at 7,210 (-24pts)
We saw a strong finish in the US on Friday, with Wall Street posting its best performance since July on the back of solid corporate earnings and a better than expected Retail Sales report.
However, this week has begun with a much weaker start for equities.
Most Asian stocks and U.S. futures slid in overnight trading, as rising energy prices revived worries about inflation and indicators suggest Chinese growth may have begun to slow.
| S&P 500 | +0.75% | Bullish for UK stocks |
| Hang Seng | -0.54% | Bearish for UK stocks |
| Gold | +0.07% | Neutral for UK stocks |
| AUD/JPY | -0.05% | Neutral for UK stocks |
| US 10yr Yield | +3.39% | Bearish for UK stocks |
On Friday, the FTSE 100’s upwards momentum continued, with buyers pushing the UK’s benchmark index firmly above its previous 52 week high at 7,224, last reached back in August.
Although, following last night’s Asian session, we’re expecting to see the market open back below this level today.
During Monday’s UK trading this will be an important level to watch once again, as we establish if the bulls can regain control and post another close above it.
FTSE 100 Daily Rolling Futures – Key Levels
| Final Results |
| Tristel (TSTL) |
| Q3 Results |
| Etalon S (ETLN) |
| Pjsc Sev. Regs (SVST) |
| International Economic Announcements |
| (14:15) Capacity Utilisation (US) |
| (14:15) Industrial Production (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.