Market Report 13 July 2010

Market Indices
Optimism returned to markets last week as investors shrugged off worries of the U.S.  economy heading for a double dip recession. A positive assessment of U.S. banks coupled with the hope that the European bank stress tests won’t prove as poor as first expected lifted the heads of investors. News that German exports for May were more robust than anticipated and the International Monetary Fund raising its forecast for global growth for 2010 also provided a boost for equities.


The UK’s FTSE All Share opened the week at 2515.50, closing up 5.45% at 2652.65.

In the U.S., the Dow opened the week at 9689.21, closing up 5.25% at 10198.03.

The Nikkei opened the week at 9230.00, closing up 3.84% at 9585.32.

Hong Kong’s Hang Seng opened the week at 19809.06, closing up 1.68% at 20142.78.

The Week Ahead

Tuesday
Burberry Group

Wednesday
Icap

Thursday
Mothercare
Experian
Premier Oil



THIS DATA IS PROVIDED BY SHERIDAN ADMANS, 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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2010-07-13 15:19:30 © Moneyextra.com