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 |
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.
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) |
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.
Create AccountAny Questions? Please feel free to call 0203 973 8007 or email us at info@regency.capital
Disclaimer:
This research is prepared for general information only and should not be construed as any form of investment advice.