Market Report 5 October 2010

Market Indices
Markets trod water last week as the expectation of further quantitative easing in the U.S pushed gold higher and the Dollar lower, with equities struggling to build on September’s gains.  Irish banks reminded the markets that economic stability in some economies was still very fragile, as the Anglo Irish Bank was cut to junk status on concern that the cost of bailing out the bank has been more than a fifth of Ireland’s gross domestic product GDP.

Other economic news was mixed with upbeat manufacturing reports from China and the U.S, while the UK and European manufacturing saw output slowing.

The UK’s FTSE All Share opened the week at 2893.11, closing down -0.12% at 5515.27

In the U.S, the Dow opened the week at 10860.03, closing down -0.28% at 10829.68

The Nikkei opened the week at 9547.03, closing down -1.49% at 9404.23.

Hong Kong’s Hang Seng opened the week at 22351.33, closing up 0.03% at 22358.17.

The Week Ahead

Tuesday
TUI Travel
Tesco

Wednesday
Sainsbury
Greggs

Thursday
Vedanta
Carillion
Marks & Spencer

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

2010-10-14 09:09:58 © Moneyextra.com

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