Market Report 17 May 2010

Market Indices
Another volatile week for markets last week, as improved company earnings and unemployment data were overshadowed by the European debt situation, despite a recue package being finalised. The European debt crisis as resulted in the Euro falling to its lowest level against the Dollar since 2006, as concerns over restoration of confidence in the single currency hangs in the balance.

Sterling was also knocked last week as the market waits to see the new Lib-Con Government plan to tackle the UK deficit. Sterling’s drop was further exaggerated by London house prices recording a drop for the first time this year.

Oil also fell during the week on concerns that growth could be put in jeopardy if the Greek debt problems derail Europe’s recovery.

The UK’s FTSE All Share opened the week at 2682.75, closing up 1.46% at 2722.01.

In the U.S, the Dow opened the week at 10386.18, closing up 2.25% at 10620.16.

The Nikkei opened the week at 10399.05, closing slightly up 0.61% at 10462.51 on Friday.

Hong Kong’s Hang Seng opened the week at 20118.95, closing slightly up 0.13% at 20145.43 on Friday.

The Week Ahead

Monday
Afren

Tuesday
Vodafone
Smiths Group

Wednesday
Experian
Icap

Thursday
Investec
SABMiller
Marston’s
Cairn Energy

Friday
British Airways
United Utillities
Alliance Trust
London Stock Exchange


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.

 

Moneyextra.com recommends you take independent financial advice before acting on any article

2010-05-19 09:45:32 © Moneyextra.com