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4th Mar 2021. 7.47am

Regency View:

Morning Report – Thursday 4th March

FTSE to open at 6,630 (-45 pts)

US stocks erased all of their gains for the week during yesterday’s session – this has followed through into Asian trading with the Hang Seng down nearly 2%.

It would appear that inflationary concerns are now starting to become entrenched in both the US and Asia.

Traders focus will start to turn towards tomorrow’s US non-farm payrolls number, with today’s Initial Jobless Claims likely to cause some volatility.

S&P 500-1.31%Bearish for UK stocks
Hang Seng-1.89%Bearish for UK stocks
Gold+0.49%Bearish for UK stocks
AUD/JPY+0.59%Bullish for UK stocks
US 10yr Yield-1.39%Bearish for UK stocks
Regency Risk Barometer Snapshot

Yesterday’s strong open push took the market up into the last week’s swing highs at 6,705. After touching this level, the FTSE quickly retreated and then faded throughout the rest of the session.

6,705 is now the short-term market top and a move lower down towards last weeks lows at 6,462 looks a distinct possibility.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Aviva (AV.)
Cairn Homes (CRN)
Coats (COA)
Entain (ENT)
Franchise Brand (FRAN)
Hunting (HTG)
Hutchison China (HCM)
Mail.rugrp S (MAIL)
Meggitt (MGGT)
Melrose (MRO)
Morgan Advanced Materials (MGAM)
Rathbone (RAT)
Rentokil Initial (RTO)
Schroders (SDR)
Spire Healthcare (SPI)
Synthomer (SYNT)
Vesuvius (VSVS)
Vistry Grp (VTY)
William Hill (WMH)
Interim Results
Galliford Try (GFRD)
Origin (OGN)
Ruffer Inv. Co. (RICA)
Q4 Results
Mail.rugrp S (MAIL)
Trading Announcements
Hansard (HSD)
UK Economic Announcements
(09:30) PMI Construction
International Economic Announcements
(10:00) Unemployment Rate (EU)
(10:00) Retail Sales (EU)
(13:30) Initial Jobless Claims (US)
(13:30) Continuing Claims (US)
(15:00) Factory Orders (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.