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16th Feb 2021. 7.47am

Regency View:

Morning Report – Tuesday 16th February

FTSE 100 set to open 22 points higher at 6,778

After yesterday’s bull run higher, the FTSE futures, and our risk barometer (below) indicate that European equities are in for another strong open.

Asian shares continued their strong run overnight, with the Hang Seng actually gapping and holding above its January highs.

As mentioned in yesterday’s Morning Report, the global equity rally is being fueled by progress made in the global vaccine rollout and anticipation of a large fiscal stimulus package in the US.

S&P 500+0.47%Bullish for UK stocks
Hang Seng+1.78%Bullish for UK stocks
Gold+0.15%Bearish for UK stocks
AUD/JPY+0.16%Bullish for UK stocks
US 10yr Yield+1.37%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE rallied consistently higher throughout yesterday’s session, forming what’s known as a ‘trend day’.

This trend day wasn’t a huge surprise given the FTSE had spent the start of the month trapped in a tight range.

Whilst the market now has the January swing highs at 6,959 in its sights, probabilities suggest that after such an strong trend day, we are likely to see some form of consolidation or pause, and it is worth keeping this in mind if your trading the index today.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Glencore (GLEN)
Kerry (KYGA)
Mmc Norilsk Adr (MNOD)
Interim Results
BHP Group (BHP)
Blan Tech Grp (BLTG)
Pan African (PAF)
Petra Diamonds (PDL)
Trading Announcements
Marstons (MARS)
Safestore (SAFE)
International Economic Announcements
(09:00) ZEW Survey (GER) – Current Situation
(09:00) ZEW Survey (GER) – Economic Sentiment
(09:00) ZEW Survey (EU) – Economic Sentiment
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.