There’s some concern that although inflationary pressures do appear to have receded in recent days, higher fuel prices could reignite worries here and this in turn has the potential to weigh on stocks across the...
—Matt Buckland
The petrochemicals sector looks set to remain squarely in focus as trading in 2006 gets under way.
Essentially traders can’t seem to come to a consensus this week over the state of the US economy and this is leaving markets in a somewhat volatile state.
London equities continue to edge higher as the week progresses with rising oil prices, due to increased U.S. gasoline demand, lending a degree of support to the petrochemicals companies.
The short trading week looks set to be dominated by oil prices. The news is likely to depress stocks with higher input costs set to damage margins.
Continuing takeover speculation on a host of companies may see another near term rally in equity markets.
With the rate verdict due later, there’s a cautious mood creeping into equity markets as although a 25-basis-point hike is widely expected, there’s little consensus as to just how long the aggressive stance over interest...
The fact that we’re approaching the end of the quarter is being seen as a key driver here, although a generally buoyant mood amongst equities in Japan and much of Europe appears to be providing...
Whether the FTSE can break through the key 5,800 barrier remains to be seen but there’s little fundamental data around just now that could support an extended rally.
Although the London index may have closed just slightly below these levels, with the overall mood for equities remaining positive, expectations are now for the market to hold onto these gains in early trade.
Crude is back above $61 a barrel — something that will buoy the likes of Shell and BP — and in turn give the FTSE some support in early trade, but once again the implications...
The airline themselves aren’t actually even coming out with any ideas of how much the strike is going to hurt them on top of the increase in oil prices so we’re not actually making any...
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