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23rd Mar 2021. 7.44am

Regency View:

Morning Report – Tuesday 23rd March

FTSE to open at 6,681 (-45 pts)

European stocks are set for a weak open as Chinese markets were hit by a new round of sanctions…

According to Reuters – the United States and others, including the European Union, sanctioned Chinese officials on Monday over human rights abuses in Xinjiang, and Beijing hit back with punitive measures against European lawmakers, diplomats, institutes and families.

However, our risk barometer shows that it’s not all bad news for stocks. The S&P put in a solid move higher yesterday, and with bond yields dropping back, the markets inflationary fears will be subsiding.

S&P 500+0.70%Bullish for UK stocks
Hang Seng-1.40%Bearish for UK stocks
Gold+0.01%Neutral for UK stocks
AUD/JPY-0.70%Bearish for UK stocks
US 10yr Yield-1.77%Bullish for UK stocks
Regency Risk Barometer Snapshot

For the second consecutive session the FTSE rallied back from a weak start to close back above 6,705 support.

Whilst this is a sign of strength, the futures have drifted back below support and the FTSE will once again need to mount an intra-day fightback.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Alliance Pharma (APH)
Arrow Global (ARW)
Cambridge Cog (COG)
Dp Eurasia (DPEU)
Elementis (ELM)
Energean Oil & Gas (ENOG)
Ergomed (ERGO)
H&t Group Plc (HAT)
Henry Boot (BOOT)
Judges Scientfc (JDG)
Longboat Energy (LBE)
Loopup Group (LOOP)
Luceco (LUCE)
M.p. Evans (MPE)
Mortgage Ad (MAB1)
Old Mutual Lim. (OMU)
Personal Group (PGH)
The Pebble Gro. (PEBB)
Zotefoams (ZTF)
Interim Results
Essensys (ESYS)
Mj Hudson Grp (MJH)
YouGov (YOU)
UK Economic Announcements
(07:00) Unemployment Rate
(07:00) Claimant Count Rate
International Economic Announcements
(15:00) New Homes Sales (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.