Market Report 03 May 2010

Market Indices

All of the attention this week within the UK will be firmly focused on the election on Thursday.  The key issues being will there be a change of Government and if so, will there be an outright winner or are we heading for a hung parliament.  Once the result is known, the media focus will then immediately turn to how the deficit will be tackled and whether or not the UK will receive a sovereign downgrade from the agencies.

In the UK, the FTSE100 index had begun the week at 5,723.65 but lost ground to finally close down at 5,553.29, a drop of 2.98%.

In the U.S, the Dow had opened the week at 11,204.28 but also gave up ground to close down 1.75% at 11,008.61.

The Nikkei finished the week up at 11,057.41, a rise of 1.31% having opened the week at 10,914.46.

Hong Kong’s Hang Seng closed down 0.64% at 21,108.59 from its opening weekly position of 21,244.49.

The Week Ahead

Tuesday
Standard Chartered

Wednesday
Sage
L&G
 BAE
Prudential
Antofagasta
Next
Xstrata

Thursday
 Randgold,
 Schroders,
RSA
Smith & Nephew
Vedanta
Rexam
Cobham
Diageo
Morrisons




Friday
RBS
HSBC
 ITV


THIS DATA IS PROVIDED BY ANDY PARSONS, 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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2010-05-06 09:29:32 © Moneyextra.com