Market Report 17 May 2010

Market Indices
Markets continued to fall last week with notable pressure being applied to Germany and other European partners to resolve the Greek debt crisis. UK indices experienced increased volatility from the result of an inconclusive UK election. Poorly entered trades in the U.S on Thursday were being blamed for causing the Dow to fall around 1000 points during intra-day trading, before recovering some of the losses. The cause of the U.S market fall on Thursday has still not been concluded but the problem with such events in highly sophisticated markets is program trades being triggered, magnifying the situation.   Despite the theories around Thursday’s index falls in the U.S  and better than expected jobs data reported on Friday, markets still ended lower as investors become increasingly nervous of state and sovereign debt obligations.

The UK’s FTSE All Share opened the week at 2866.38, closing down -7.89% at 2640.23.

In the U.S, the Dow opened the week at 11009.60, closing down -5.72% at 10380.43.

The Nikkei opened the week at 10847.90, closing on Friday at 10364.59, down -4.45%.

Hong Kong’s Hang Seng opened the week at 20799.79, closing down -4.23% at 19920.29.

The Week Ahead

Monday
Interserve
Centrica
Travis Perkins
Lonmin
Dignity

Tuesday
Babcock International
Serco
Spirax-Sarco
Inmarsat
Aviva
Tui Travel

Wednesday
Compass Group
BAE Systems
Stobart Group
Tullow Oil

Thursday
Petrofac
Premier Oil
Amec
Thomas Cook
BT Group
Old Mutual
3i 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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2010-05-12 09:32:20 © Moneyextra.com