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8th Apr 2021. 7.44am

Regency View:

Morning Report – Thursday 8th April

FTSE to open at 6,902 (+17 pts)

US stocks consolidated their gains yesterday with another steady session at the highs, as the Fed underlined its commitment to keep policy loose even as the economy enjoys a rapid recovery.

This bullish sentiment has followed through into Asian trading with the Hang Seng back at highs for the week.

Our risk barometer is in neutral territory, and we’re likely to see quiet start to European trading following yesterday’s gains.

S&P 500+0.15%Neutral for UK stocks
Hang Seng+1.19%Bullish for UK stocks
Gold+0.35%Neutral for UK stocks
AUD/JPY+0.13%Neutral for UK stocks
US 10yr Yield-0.85%Neutral for UK stocks
Regency Risk Barometer Snapshot

?Risk Barometer Explained

The FTSE put in a strong ‘trend day’ yesterday – taking the market within touching distance of the New Year highs.

After such strong trend days, we’d typically expect to see some form of mean reversion or consolidation during today’s session, but there is no doubting that both the trend structure and short-term momentum are firmly bullish.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Equals Gp (EQLS)
M Winkworth (WINK)
OneSavings Bank (OSB)
Interim Results
Tracsis (TRCS)
Trading Announcements
Dunelm (DNLM)
Entain (ENT)
Ferrexpo (FXPO)
UK Announcements
(07:00) Factory Orders (GER)
International Economic Announcements
(07:00) Factory Orders (GER)
(09:30) PMI Construction (US)
(10:00) Producer Price Index (EU)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (US)
Today’s Financial Diary

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Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.