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29th Apr 2021. 7.41am

Regency View:

Morning Report – Thursday 29th April

FTSE to open at 6,975 (+12 pts)

US stocks remained muted as the Fed delivered a brighter economic outlook while simultaneously remaining unmoved from its current dovish policy stance.

President Joe Biden’s congress speech confirmed his $1.8tn plan to invest in America, funded by raising the capital gains rate for the wealthy, but there were no surprises for the market.

Asian stocks have had a bullish session and US futures have broken to new highs overnight. With this backdrop, we’d expect to see a strong start to European trading.

S&P 500-0.08%Neutral for UK stocks
Hang Seng+0.61%Bullish for UK stocks
Gold-0.02%Neutral for UK stocks
AUD/JPY+0.20%Neutral for UK stocks
US 10yr Yield+1.10%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE has moved above the New Year highs at 6,961, but in rather unconvincing fashion…

We’ll be looking for momentum to increase at the open and for prices to retest their mid-April swing highs a 7,041.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Rothschilds 9 (RCHA)
Rtw Venture Fu. (RTW)
Shield Thera (STX)
Woodbois (WBI)
Xeros Tech (XSG)
Interim Results
C4x Discry Hdgs (C4XD)
Proactis (PHD)
Wh Smith (SMWH)
Q1 Results
Indivior (INDV)
Natwest Grp (NWG)
Nokia Ord (0HAF)
Royal Dutch Shell B (RDSB)
Annual Report
Fondul Proprietatea (FP.)
Mail.rugrp S (MAIL)
Rtw Venture Fu. (RTW)
Electrica Regs (ELSA)
UK Economic Announcements
(07:00) Nationwide House Price Index
International Economic Announcements
(08:55) Unemployment Rate (GER)
(09:00) M3 Money Supply (EU)
(10:00) Business Climate Indicator (EU)
(10:00) Consumer Confidence (EU)
(10:00) Services Sentiment (EU)
(10:00) Industrial Confidence (EU)
(10:00) Economic Sentiment Indicator (EU)
(13:30) GDP (Preliminary) (US)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (US)
(15:00) Pending Homes 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.