20th Apr 2021. 7.47am
Morning Report – Tuesday 20th April
FTSE to open at 6,996 (-4 pts)
Hong Kong’s Hang Seng index is flat on the session despite Japanese stocks being hit hard by the threat of more COVID-19 lockdowns.
Tokyo and Osaka may slide back into states of emergency due to a resurgence in COVID-19 cases and Japans Nikkei 225 index is down nearly 2%.
Our risk barometer is in neutral territory and it looks as thought we’re in for a quiet start to European trading.
|S&P 500||-0.53%||Bearish for UK stocks|
|Hang Seng||+0.03%||Neutral for UK stocks|
|Gold||-0.18%||Neutral for UK stocks|
|AUD/JPY||+0.92%||Bullish for UK stocks|
|US 10yr Yield||+1.10%||Neutral for UK stocks|
The FTSE pulled back from highs yesterday as some short-term profit taking set in.
Pullbacks are part and parcel of uptrend’s, but it is important that the FTSE holds above the broken New Year highs and the ascending trendline.
|Filta Group (FLTA)|
|Flowtech Fluid. (FLO)|
|AB Foods (ABF)|
|Petra Diamonds (PDL)|
|City Lon Inv (CLIG)|
|UK Economic Announcements|
|(07:00) Unemployment Rate|
|(07:00) Claimant Count Rate|
|International Economic Announcements|
|(07:00) Producer Price Index (GER)|
|(07:00) GFK Consumer Confidence (GER)|
Don’t have a Regency account yet?
Start receiving our actionable Market Alerts and Analysis with real-time email and SMS alerts throughout your trading day. Simply click below to create your account for free.Create Account
Any Questions? Please feel free to call 0203 973 8007 or email us at email@example.com
This research is prepared for general information only and should not be construed as any form of investment advice.