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28th Jun 2021. 7.47am

Regency View:

Morning Report – Monday 28th June

FTSE to open at 7,123 (-13 pts)

Asian stocks have started the week with caution as a spike in COVID-19 cases across the region over the weekend knocked investor sentiment, and this caution has taken Euorpean futures lower heading into the open.

Looking at the week ahead, we have a raft of key economic data including; UK GDP, Chinese PMI’s and European inflation data on Wednesday, U.S. manufacturing PMI on Thursday, and Non-farm payrolls on Friday.

S&P 500+0.33%Bullish for UK stocks
Hang Seng-0.24%Bearish for UK stocks
Gold+0.10%Neutral for UK stocks
AUD/JPY-0.05%Neutral for UK stocks
US 10yr Yield+2.66%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE is now back at the swing resistance created by the May swing highs at 7,167. Above that we have the fakeout highs from earlier this month at 7,219.

With the S&P holding above it’s highs, UK bulls will be looking for the FTSE to do the same, but that won’t happen without a battle.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Interim Results
Porvair (PRV)
International Economic Announcements
(10:00) Economic Sentiment Indicator (EU)
(10:00) Industrial Confidence (EU)
(10:00) Business Climate Indicator (EU)
(10:00) Services Sentiment (EU)
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.