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Today’s Main Events
See Live Macro Calendar for full data line-up, incl. consensus expectations
Good Morning Trader,
We are experiencing problems this morning with the data spread sheets.
UK 100 called to open +20pts, looking to extend gains seen late on in yesterday’s trading session as well as gains in the US. Overnight, the Dow Jones gained 106 points, closing at 14,819 whilst the S&P was up 12 points to close at 1,594. In Asia, the Hang Seng closed up 182 points at 22,762 whilst the Nikkei was recently down 20 points at 13,864.
In the FX markets, the Euro has taken a breather after its recent rally, trading flat against most of its peers. This is probably due to the Eurozone unemployment data scheduled for release later today. The Dollar found some resistance against major currencies after recent weak US growth data reduced expectations that the Federal Reserve could wind down its quantitative easing programme soon. £ vs $ currently trading at 1.54 and € vs $ is 1.3.
Overnight macro data includes New Zealand business confidence, activity outlook and money supply, all coming in-line with expectations. Japanese housing starts (for March) were better than expected. Early this morning, we’ve had the German GfK Consumer Confidence Survey (MAY) which came in at 6.2, slightly better than the 5.9 expected.
In focus today will be UK results from Lloyds, BP, Imperial Tobacco, Whitbread, ASOS. Speak to your Accendo Markets trader for a breakdown of these and expectations for opening share prices. Macro data to look out for includes, German unemployment change at 08:55, Eurozone CPI and unemployment rate at 10:00. Chicago PMI at 14:45 as well as US consumer confidence at 3pm.
In Oils, US Light Crude weakening, trading at $94.38 whilst Brent Crude down 35c at $103.20. Gold trading flat at $1464.
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UK Company Headlines: (Source: Reuters/DJ Newswires)
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