Market Report 07 september 2010

Market Indices

The FTSE 100 made it a clean sweep last week with positive gains made every day and positive economic data issued from the US helped maintain momentum towards the end of the week. Takeover speculations are again circulating around the markets. Arm Holdings could be a target for Intel or Apple, Tullow Oil could be pounced on by the Chinese and the mining sector continues to be active.

The Nikkei finally stopped the rot and posted a gain for the week after suffering heavy losses over the summer months, while the US consolidated above the 10,000 level.


The UK’s FTSE All Share opened the week at 2684, closing up 4.3% at 2800.

In the U.S, the Dow opened the week at 10150, closing up 2.9% at 10447.

The Nikkei opened the week at 8991, closing up 1.4% at 9114.

Hong Kong’s Hang Seng opened the week at 20597, closing up 1.8% at 20971.

The Week Ahead

Tuesday
Whitbread

Thursday
Home Retail
Morrisons
HMV Group




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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2010-09-08 09:13:50 © Moneyextra.com