13th Apr 2021. 7.45am
Regency View:
Morning Report – Tuesday 13th April
FTSE to open at 6,876 (-13 pts)
Asian stocks have been buoyed by strong Chinese export data – released overnight…
China’s exports in dollar terms jumped by 30.6% in March from one year earlier, while imports grew at the fastest pace in four years. Hong Kong’s Hang Seng index was up as much as 1.5% in early trading, but has since given back much of its gains.
Our risk barometer is in neutral territory, but with US bond yields starting to creep higher again, we might see inflationary concerns raise its head once more.
S&P 500 | -0.02% | Neutral for UK stocks |
Hang Seng | +0.40% | Bullish for UK stocks |
Gold | -0.42% | Bullish for UK stocks |
AUD/JPY | +0.03% | Neutral for UK stocks |
US 10yr Yield | +1.71% | Bearish for UK stocks |
The FTSE responded to the ascending trendline during yesterday’s session, rallying from it’s early morning lows.
However, the futures have drifted lower overnight and we’re due for a second retest of the ascending trendline during today’s session.
Final Results |
Corero Network (CNS) |
Good Enrg (GOOD) |
JD Sports (JD.) |
Jtc Plc (JTC) |
Next Fifteen (NFC) |
Northbridge Ind (NBI) |
Sigmaroc (SRC) |
Sourcebio Int (SBI) |
Interim Results |
Rev Bars (RBG) |
Q1 Results |
Plus500 (PLUS) |
Trading Announcements |
Xp Power (XPP) |
UK Economic Announcements |
(00:01) Retail Sales |
(07:00) Industrial Production |
(07:00) Manufacturing Production |
(07:00) Balance of Trade |
(07:00) Gross Domestic Product |
(07:00) Index of Services |
International Economic Announcements |
(10:00) ZEW Survey (EU) – Economic Sentiment |
(10:00) ZEW Survey (GER) – Economic Sentiment |
(10:00) ZEW Survey (GER) – Current Situation |
(13:30) Consumer Price Index (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.