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2nd Mar 2021. 7.43am

Regency View:

Morning Report – Tuesday 2nd March

FTSE to open at 6,567 (-22 pts)

The S&P bounced back with some gusto yesterday, rallying more than 2% and closing near intra-day highs.

However, this positivity has failed to follow through into the Asian session, after China’s banking regulator voiced concern over bubbles in foreign markets. Hong Kong’s benchmark Hang Seng index is trading back near two-week lows as it’s retracement from all-time highs continues.

We have a mixed picture on the risk barometer – reflecting the mildly bearish open the FTSE futures are currently pricing in.

S&P 500+2.38%Bullish for UK stocks
Hang Seng-1.2%Bearish for UK stocks
Gold-0.11%Neutral for UK stocks
AUD/JPY-0.24%Bearish for UK stocks
US 10yr Yield-0.48%Neutral for UK stocks
Regency Risk Barometer Snapshot

The FTSE managed to close straight back above the 6,570 broken support yesterday – although we’re set to open just below it this morning.

This flip flopping around support indicates the heightened levels of indecision that we’re currently seeing in the market. It would seem that neither the bulls or bears have a tight grip on this market right now – leaving the best trading opportunities to be found at the stock level.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Apax Glb (APAX)
Dalata Hotel Gp (DAL)
Devro (DVO)
Flutter Ent (FLTR)
Fresnillo (FRES)
Intertek Group (ITRK)
Robert Walters (RWA)
Rotork (ROR)
Signature Aviat (SIG)
Synectics (SNX)
Taylor Wimpey (TW.)
Travis Perkins (TPK)
Uniphar Plc (UPR)
Xp Power (XPP)
Interim Results
Bluefield Solar (BSIF)
Hotel Choc (HOTC)
Renalytix Ai (RENX)
Supermarket Inc (SUPR)
Q2 Results
Renalytix Ai (RENX)
Q3 Results
Ashtead Group (AHT)
UK Economic Announcements
(07:00) Nationwide House Price Index
International Economic Announcements
(07:00) Retail Sales (GER)
(08:55) Unemployment Rate (GER)
(20:30) Auto 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.