28th Oct 2021. 7.48am
Regency View:
Morning Report – Thursday 28th October
FTSE to open at 7,246 (-7 pts)
The S&P moved lower yesterday despite bumper earnings from Microsoft and Google parent Alphabet. Energy stocks were the biggest losers as oil prices retreated from their recent highs.
Overnight in Asia, stocks have had a quiet session with Hong Kong and Japanese benchmarks in small negative territory on the day.
Looking ahead, we have a stacked corporate and economic calendar with the ECB’s rate decision and policy statement along with key earnings updates from the likes of Lloyds and Royal Dutch Shell.
| S&P 500 | -0.51% | Bearish for UK stocks |
| Hang Seng | -0.10% | Neutral for UK stocks |
| Gold | +0.34% | Bearish for UK stocks |
| AUD/JPY | -0.29% | Bearish for UK stocks |
| US 10yr Yield | -4.18% | Bullish for UK stocks |
The FTSE tread water near it’s breakout highs yesterday – forming its narrowest daily range in over seven sessions.
So long as the pullback remains low volatility in nature, we would expect to see upside continuation.
FTSE 100 Daily Rolling Futures – Key Levels
| Interim Results |
| Airtel Africa (AAF) |
| Bytes Tech (BYIT) |
| C&c Grp (CCR) |
| HarbourVest Private Equity (HVPE) |
| Q3 Results |
| Helios Towers (HTWS) |
| Indivior (INDV) |
| Mail.rugrp S (MAIL) |
| Nokia Ord (0HAF) |
| Royal Dutch Shell B (RDSB) |
| Samsung El.gdr (SMSN) |
| Totally (TLY) |
| Trading Announcements |
| Gem Diamonds Di (GEMD) |
| Hunting (HTG) |
| Inchcape (INCH) |
| Pphe Hotel (PPH) |
| Interim management statement |
| Lloyds (LLOY) |
| International Economic Announcements |
| (08:55) Unemployment Rate (GER) |
| (10:00) Services Sentiment (EU) |
| (10:00) Consumer Confidence (EU) |
| (10:00) Economic Sentiment Indicator (EU) |
| (10:00) Business Climate Indicator (EU) |
| (10:00) Industrial Confidence (EU) |
| (12:45) ECB Interest Rate (EU) |
| (13:30) Continuing Claims (US) |
| (13:30) GDP (Preliminary) (US) |
| (13:30) Initial Jobless Claims (US) |
| (15:00) Pending Homes Sales (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.