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1st Apr 2021. 7.44am

Regency View:

Morning Report – Thursday 1st April

FTSE to open at 6,740 (+26 pts)

Asian stocks have been boosted by Joe Biden’s ambitious spending plans and improved factory orders data.

In a speech yesterday evening, President Biden called for a sweeping use of government power to reshape the world’s largest economy and counter China’s rise in a $2 trillion-plus spending package. This proposal was met with swift Republican resistance and will be the source of much debate during the next quarter.

European stocks are set for a small opening bounce after yesterday’s weakness.

S&P 500+0.36%Bullish for UK stocks
Hang Seng+1.12%Bullish for UK stocks
Gold+0.35%Bearish for UK stocks
AUD/JPY-0.56%Bearish for UK stocks
US 10yr Yield-1.12%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE once again retreated from 6,800 resistance during yesterday’s session on Tuesday, prices closed near intra-day lows.

Should the market breach yesterday’s lows in early trading, this will likely setup a retest of the ascending trendline at 6,680 (gold dotted line).

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Equiniti (EQN)
Next (NXT)
Proteome (PRM)
Sportech (SPO)
Trading Announcements
Renew Holdings (RNWH)
UK Economic Announcements
(09:30) PMI Manufacturing
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) PMI Manufacturing (GER)
(09:00) PMI Manufacturing (EU)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (US)
(14:45) PMI Manufacturing (US)
(15:00) ISM Manufacturing (US)
(15:00) Construction Spending (US)
(21:30) Auto Sales (US)
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.