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18th Nov 2021. 7.44am

Regency View:

Morning Report – Thursday 18th November

FTSE to open at 7,272 (-19 pts)

US stocks tread water yesterday with the S&P printing its narrowest daily range in over seven sessions and forming an ‘inside day’ pattern in the proccess.

Asia stocks have moved lower overnight as traders grew nervous over the outlook for interest rates and growth, particularly outside of the US.

All eyes will be on this morning’s European inflation data, with the euro hitting its lowest level in 16 months this week as traders bet that the European Central Bank will stick to its accommodative policies.

S&P 500-0.26%Bearish for UK stocks
Hang Seng-1.41%Bearish for UK stocks
Gold-0.13%Neutral for UK stocks
AUD/JPY+0.32%Bullish for UK stocks
US 10yr Yield-2.99%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE’s pullback continued yesterday, gathering pace and closing below the steepest ascending trendline.

As mentioned in yesterday’s Morning Report, the broken summer highs should provide support moving forward.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Abingdon Healt. (ABDX)
Daily Mail (DMGT)
Euromoney (ERM)
Grainger plc (GRI)
Interim Results
Biffa (BIFF)
Charles Stanley (CAY)
Finncap Group (FCAP)
Halma (HLMA)
Investec (INVP)
Jet2 Plc (JET2)
Mitie (MTO)
Redcentric (RCN)
Royal Mail (RMG)
Q3 Results
Atalaya Mining (ATYM)
Mhp Reg S (MHPC)
TBC Bank Group (TBCG)
Trading Announcements
Close Bros (CBG)
International Economic Announcements
(10:00) Consumer Price Index (EU)
(13:30) Initial Jobless Claims (US)
(13:30) Continuing Claims (US)
(13:30) Philadelphia Fed Index (US)
Today’s Financial Diary

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Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.