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10th Mar 2021. 7.49am

Regency View:

Morning Report – Wednesday 10th March

FTSE to open at 6,695 (-35 pts)

It’s been a quiet Asian session with the bond market out of the headlines and the Hang Seng holding above long-term support.

The risk barometer has a bullish to neutral outlook thanks to a solid set of gains in US trading. And whilst the FTSE futures are set for a weak open, this could attract buyers.

S&P 500-0.63%Bearish for UK stocks
Hang Seng-0.79%Bearish for UK stocks
Gold-0.16%Neutral for UK stocks
AUD/JPY+0.45%Bullish for UK stocks
US 10yr Yield+43ptsBearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE came within touching distance of testing the 6,800 February swing highs before beating a hasty retreat.

With the futures languishing near yesterday’s lows, the market will need to hold above the broken swing resistance area at 6,705 to maintain a bullish outlook.

A break of yesterday’s lows in early trading will likely lead to a move down into the 6,600 area.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Hill & Smith (HILS)
Spirax-Sarco (SPX)
Balfour Beatty (BBY)
National Express (NEX)
Spirent (SPT)
Just Group (JUST)
Savills (SVS)
Secure Income Reit (SIR)
Oakley (OCI)
Interim Results
Brooks (BRK)
Volution Group PLS (FAN)
UK Economic Announcements
(00:01) RICS Housing Market Survey
(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
(12:45) ECB Interest Rate (EU)
(13:30) Continuing Claims (US)
(13:30) Initial Jobless Claims (US)
(13:30) Consumer Price Index (US)
Today’s Financial Diary

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Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.