15th Apr 2021. 7.44am
Morning Report – Thursday 15th April
FTSE to open at 6,955 (+15 pts)
The S&P 500 posted it first negative close in six sessions yesterday…
After rallying to new highs earlier in the session, the S&P closed lower – signalling that the recent rally might be running out of steam.
Asian stocks have followed the S&P’s lead, posting small losses and our risk barometer has a mildly bearish tone as we enter European trading.
|S&P 500||-0.41%||Bearish for UK stocks|
|Hang Seng||-0.64%||Bearish for UK stocks|
|Gold||+0.47%||Bearish for UK stocks|
|AUD/JPY||-0.07%||Neutral for UK stocks|
|US 10yr Yield||-0.54%||Neutral for UK stocks|
The FTSE put in a strong move higher yesterday – rallying from the ascending trendline.
We’re now faced with another retest of the New Year highs. This is a key area of resistance for the FTSE and we’ll be watching closely to see if the market can break and hold above the 6,961 during today’s session.
|Epwin Grp (EPWN)|
|Oxford Biomedica (OXB)|
|Thg Plc (THG)|
|Naked Wine (WINE)|
|Thg Plc (THG)|
|International Economic Announcements|
|(07:00) Wholesale Price Index (GER)|
|(07:00) Consumer Price Index (GER)|
|(13:30) Initial Jobless Claims (US)|
|(13:30) Retail Sales (US)|
|(13:30) Continuing Claims (US)|
|(14:15) Industrial Production (US)|
|(14:15) Capacity Utilisation (US)|
|(15:00) Business Inventories (US)|
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This research is prepared for general information only and should not be construed as any form of investment advice.