Market Report 14 September 2010

Market Indices

Markets resumed treading water last week as investors’ attention returned to European banks and the strength of their balance sheets. Concerns were raised over the amount of capital some banks may be required to raise under the new regulations being planned by the Basel Committee for banking supervision. The proposed regulations could require banks to double liquidity within 8 years to have common equity of at least 7% of assets.

News from Asia provided some support, as Japan’s revised gross domestic product rose from an earlier publication, while China provided an indication of improved internal domestic demand. 

The UK’s FTSE All Share opened the week at 5428.40, closing up 1.34% at 5428.40

In the U.S, the Dow opened the week at 10446.80, closing up 0.15% at 10462.77

The Nikkei opened the week at 9199.99, closing up 0.42% at 9239.17.

Hong Kong’s Hang Seng opened the week at 21155.91, closing up 0.73% at 21310.72.

The Week Ahead

Monday
Associated British Foods

Wednesday
Next

Thursday
Booker



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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2010-09-15 17:13:57 © Moneyextra.com