Market Report 08 June 2010

Market Indices
The Dow finishing last week at a four month low demonstrates that sentiment in the market over sovereign debt and the strength and sustainability of the global recovery remains weak. U.S ‘Non-farm pay rolls’, a major indicator of growth or decline, on Friday 4 June showed that employment rose but at a much slower pace that expected, adding to further concerns over the strength of the market recovery.

News out on 4 June from the Hungary is also likely to add to market woes and add to speculation over the extent of the European debt crisis this week as concerns are raised over its previous Government lying about its economic strength. 

The UK’s FTSE All Share opened the week at 2673.16, closing down -1.07% at 2644.57.

In the U.S, the Dow opened the week at 10133.94, closing down -2.00% at 9931.97.

The Nikkei opened the week at 9747.26, closing up 1.02% at 9901.19 on Friday.

Hong Kong’s Hang Seng opened the week at 19600.57, closing up 1.01% at 19811.97 on Friday.

The Week Ahead

Thursday
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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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2010-06-09 11:18:35 © Moneyextra.com