Market Report 01 June 2010

Market Indices

Markets remained fractious last week over continued European debt concerns, with Spain losing its Fitch AAA credit rating, which it had held since 2003, and tensions between North and South Korea reaching breaking point.

In the UK, markets were dominated by problems with BP in the Gulf of Mexico and Prudential achieving a better deal for shareholders from AIG. Since the weekend BP has been forced back to the drawing board, which has put its share price under pressure in early trading on Tuesday. While Prudential traded up on news and expectation, the AIG deal looks more and more like it won’t go ahead.

The UK’s FTSE All Share opened the week at 2623.44, closing up 1.89% at 2673.17.

In the U.S, the Dow opened the week at 10193.46, closing down -0.56% at 10136.63.

The Nikkei opened the week at 9754.99, closing up 0.08% at 9762.98 on Friday.

Hong Kong’s Hang Seng opened the week at 19470.26, closing down 1.52% at 19766.71 on Thursday.


The Week Ahead

Thursday
Johnson Matthey
Kingfisher





THIS DATA IS PROVIDED BY SHERIDAN ADMANS, INVESTMENT ADVISER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS.
 

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2010-06-02 16:26:21 © Moneyextra.com