15th Apr 2021. 7.44am
Regency View:
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.
Final Results |
Epwin Grp (EPWN) |
Oxford Biomedica (OXB) |
Puretech (PRTC) |
Serica (SQZ) |
Thg Plc (THG) |
Trading Announcements |
Deliveroo (ROO) |
Hays (HAS) |
Naked Wine (WINE) |
Norcros (NXR) |
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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Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.