Weekly Trading Update
It’s pretty clear what is going to be the focal point of the financial announcements this week.
UK
Well it’s pretty clear what is going to be the focal point of the financial announcements this week. The MPC official bank rate votes come out at lunchtime on Thursday, along with the asset purchase votes and the MPC policy summary. If there is ever going to be a vast move in the FTSE next week, it is likely to come after your Thursday lunch. No news Monday is followed by all of the PI’s on Tuesday: CPI; core CPI; PPI input and output; RPI and HPI all feature. Unemployment figures and average earnings fill Wednesday, and Friday ends the week much as it began, but does include the BOE quarterly bulletin.
US
The US figures this week start with a whimper and end with a slightly bigger whimper. The first numbers we see come from the JOLTS job openings on Tuesday. Next up on Wednesday we see the PPI (Core and standard) figures, along with the usual Wednesday Crude oil inventories. This is also accompanied by 10-year (Tuesday) and 30-year (Wednesday) bond auctions. Thursday has the ever-telling CPI figures and the unemployment claims. All of this before Friday’s big bang of Retail sales; Empire state manufacturing index; Capacity utilisation rate; industrial production; preliminary UoM consumer and inflation figures and the business inventories (and breath). There are a few reasonably big-hitting figures in there (mixed with some reasonably small-hitters), but the political tensions and aftermath of the recent natural disasters is more likely to have an impact on the dollar and the Dow as a whole.
Eurozone
After this week’s ECB press conference dominated the financial news, it appears to have created a vacuum of information for the week coming. Wednesday and Thursday sees the GER and FRA final CPI figures respectively. Wednesday also sees Eurozone employment change, the week finishes off with the region-wide trade balance. It might just be a case of no news is good news which could see the Euro hold onto its strong gains from recent weeks.
Stock of the Week Aveva Group plc. – Schneider Electric takeover
Open (Monday)
7399.2
Close (Thursday)
7399.4
Change
+0.2
High
7437.8
Low
7319.3
Open (Monday)
21927
Close (Thursday)
21803
Change
+76
High
21951.5
Low
21701.5
Open (Monday)
1.2968
Close (Thursday)
1.3100
Change
+0.0132
High
1.3120
Low
1.2915
Open (Monday)
1340.4
Close (Thursday)
1352.4
Change
+12
High
1354.8
Low
1331.3
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