Market Report 02 August 2010

Market Indices
Markets were more upbeat last week on U.S and European company earnings which were a little better than market expectations in some cases. However, the U.S Federal Reserve’s Ben Bernanke sounded some words of caution over the fragility of its recovery, describing the situation as ‘unusually uncertain’.  European bank stress results reported on Friday also provided some relief as only 7 of the 91 tested need financial support, expected to be in the region of £2.9 billion.

UK GDP surprised on the upside providing some tenuous relief for the economy also helping to improve confidence.


The UK’s FTSE All Share opened the week at 2654.94, closing up 3.33% at 2743.57.

In the U.S, the Dow opened the week at 10098.12, closing up 3.23% at 10424.62.

The Nikkei opened the week at 9267.24, closing down 1.63% at 9267.24.

Hong Kong’s Hang Seng opened the week at 20007.88, closing down 4.19% at 20847.85.


The Week Ahead

Monday
Pearson
National Grid
Reckitt Benckiser

Tuesday
Arm Holdings
BP
PZ Cussons
Croda International

Wednesday
BG
Sage
BAT
Rexam
Invensys
Compass
Centrica

Thursday
BSkyB
BT
AstraZeneca
BAE Systems
Reed Elsevier
Rolls Royce
Kazahmys

Friday
British Airways
Investec



THIS DATA IS PROVIDED BY ANDY PARSONS, ADVICE TEAM MANAGER AT THE SHARE CENTRE. THIS IS NOT INTENDED TO CONSTITUTE AN OFFER OR AGREEMENT TO BUY OR SELL INVESTMENTS.


 

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2010-07-28 10:24:28 © Moneyextra.com