Market Report 21 September 2010

Market Indices

Markets had another week of gains as banking stocks rose as the Basel III regulation and reserve requirement proposal seemed less onerous than expected. The proposed regulations could require banks to double liquidity within eight years to have common equity of at least 7% of assets.

The VIX index volatility/fear index moved above 21 last week which has been a support level in recent months. High VIX numbers indicate investors expect significant moves in either direction. The recent VIX numbers have suggested investors expect neither significant downside risk nor significant upside potential.

The UK’s FTSE All Share opened the week at 5501.79, closing up 0.24% at 5515.27

In the U.S, the Dow opened the week at 10458.60, closing up 1.42% at 10607.85

The Nikkei opened the week at 9325.64, closing up 3.22% at 9626.09.

Hong Kong’s Hang Seng opened the week at 21396.90, closing up 2.68% at 21970.86.

The Week Ahead

Tuesday
JD Sports Fashion
Carnival
 
Wednesday
Imperial Tobacco

Thursday
3i and United Utilities



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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2010-09-22 11:35:41 © Moneyextra.com