Market Report 9 November 2009

Review of the Week

Last week saw mixed fortunes for four of the main key indices, as we saw the Bank of England increase the amount available under their QE program by a further £25bn.

The FTSE100, which had begun the week just above the key 5,000 level at 5,044.55, showed its intent to remain above that level pushing slightly higher to 5,142.72, a rise of 1.95% over the week. Over in the US, the DOW showed the same spirit closing back above the all important 10,000 barrier at 10,030.75, having opened at 9,712.73; a rise of 3.27%.

However, the story in Asia was mixed with one key index up and the other down. The Nikkei 225 gave up ground for a second week running; this time closing down 2.45% at 9,789.35 having opened at 10,034.74.  The Hang Seng gained slightly, rising 0.35% to close up at 21,829.72, having opened at 21,752.87.
 

The Week Ahead

This week is particularly busy in terms of FTSE100 companies reporting with around 20 due to bring a variety of trading statements/updates to the market.

Monday has news from G4S and Inmarsat.
Tuesday is the busiest day of the week with updates from Barclays, HSBC, Intercontinental Hotels, Imperial Tobacco, Randgold Resources, Schroders and Vodafone.
Wednesday will see updates from Balfour Beaty, Sainsbury, Scottish & Southern Energy and Tullow Oil.
Thursday the news is from 3i, AMEC, BT, Centrica, Reed Elsevier and Serco.
Finally on Friday the market will receive news from TUI Travel.


 

This data is provided by Andy Parsons, 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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2009-11-11 11:28:31 © Moneyextra.com