Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

31st Mar 2021. 7.41am

Regency View:

Morning Report – Wednesday 31st March

FTSE to open at 6,762 (-10 pts)

Asian stocks have remained subdued overnight despite data showing China’s factory activity expanded at a faster-than-expected pace in March.

Rising US bond yields and strengthening US dollar have kept inflationary fears at the forefront of Asian investors minds, and the Hang Seng is set to post its first down month since September 2020.

There is a mildly bearish tone to our risk barometer this morning, but the magnitude of the price movements are relatively small and hence we are not expecting huge levels of volatility in early European trading.

S&P 500-0.32%Bearish for UK stocks
Hang Seng-0.41%Bearish for UK stocks
Gold-0.05%Neutral for UK stocks
AUD/JPY+0.47%Bullish for UK stocks
US 10yr Yield+1.57%Bearish for UK stocks
Regency Risk Barometer Snapshot

The FTSE had a brief flirtation with 6,800 resistance during yesterday’s session, but prices quickly retreated and the futures closed the session back where they opened – forming an indecisive ‘doji’ candle.

We would expect prices to make another attempt to break resistance during today’s trading.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Aquis Exchange (AQX)
Bigblu Broadb. (BBB)
Gulf Keystone Petroleum (GKP)
Tricorn (TCN)
Interim Results
Gattaca (GATC)
James Halstead (JHD)
Trading Announcements
Topps Tiles (TPT)
UK Economic Announcements
(07:00) Nationwide House Price Index
(07:00) Current Account
(07:00) Gross Domestic Product
International Economic Announcements
(08:55) Unemployment Rate (GER)
(12:00) MBA Mortgage Applications (US)
(14:45) Chicago PMI (US)
(15:00) Pending Homes Sales (US)
(15:30) Crude Oil Inventories (US)
Today’s Financial Diary

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 info@regency.capital


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