Stock Market Report, 29 June 09

Market Report – 29 June 2009

Review of the Week

A very quiet week on the FTSE 100, with hardly any results being released and very little other news to report. It was only towards the end of the week when Xstrata announced that they would like to talk to Anglo-American over a potential merger, which was thrown out by Anglo but it at least re-ignited the rumour mill and mining companies helped put a little blue back into the index.

The FTSE 100 fell once again and recorded a 2.5% loss, closing at 4,241, year to date the index has now shed 4.5%, close to 200 points. The Dow Jones also fell and eventually closed 101 points weaker at 8,438.

In Asia last week losses were clawed back as the Hang Seng gained nearly 4% to rise to 18,600 and the Nikkei added 91 points to finish at 9,877.


The Week Ahead

Very quiet again on the reporting front this week, most of the interest will be on the sentencing of Bernie Madoff in the US.

Three companies will be releasing figures, Petrofac a trading statement on Tuesday, Amec on Thursday and M&S should be releasing Q1 figures on Wednesday.


This data is provided by Nick Raynor, Investment Adviser at The Share Centre. This is not intended to constitute an offer or agreement to buy or sell investments.


 

2009-07-01 08:51:25 © Moneyextra.com

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