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24th May 2021. 7.37am

Regency View:

Morning Report – Monday 24th May

FTSE to open at 7,037 (+19 pts)

It’s been a quiet Asian session with the Hang Seng bouncing back from early-session lows, and Bitcoin steadying after being hammered last week on news of China’s crypto clampdown.

Looking ahead, it’s a big week for the US housing market, with April’s US New Home Sales and US Pending Home Sales hitting our screens on Tuesday.

We’ll also be watching to see if European economic sentiment increased in April, with German IFO Business Climate and the GfK Consumer Confidence readings. 

S&P 500-0.08%Neutral for UK stocks
Hang Seng-0.28%Bearish for UK stocks
Gold+0.17%Neutral for UK stocks
AUD/JPY-0.01%Neutral for UK stocks
US 10yr Yield-0.10%Neutral for UK stocks
Regency Risk Barometer Snapshot

Volatility is starting to die off as the FTSE coils within the wedge pattern we identified last week…

Friday’s range was the smallest we’ve seen in over seven sessions, and this compression is likely to build potential for explosive directional price action in future sessions.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Kainos Group (KNOS)
Randall&quilter (RQIH)
International Economic Announcements
(07:00) Gross Domestic Product (GER)
(09:00) IFO Current Assessment (GER)
(09:00) IFO Expectations (GER)
(09:00) IFO Business Climate (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.