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Friday Email: 31 October 2014

Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:

The market was having a flat week as it consolidated after a strong recovery. Until this morning that is when stimulus from the bank of Japan caused a 100 point leap in early trading. That prompted a bout of profit taking and the FTSE is currently trading up around 70 points, having fallen to up 50 earlier.  The volatility had declined somewhat and on Wednesday evening the dollar rose agsainst all of the major currencies as QE was brought to an end. This highlights further the gains to be had from owning dollar denominated stocks and we today think the timing is right to deliver our long delayed piece on dollar denominated stocks in the FTSE 100. Expect it at midday.

However, as a result of the dollars rise, the volatility returned on Thursday as the FTSE opened up 30 points and within an hour was down 40 points, ending the day slightly down, before jumping dramatically this morning. Who said the markets were returning to normal?

We featured last week in an issue of DIY investor magazine on page 26/27 if you are interested, link below.

http://www.diyinvestormagazine.com/#26

The week ahead is actually quite busy after a very quiet period and we see two defensive heavyweights produce their final results on Tuesday; Imperial Tobacco and Associated British foods. Later on in the week sees interim results from First Group, Marks and Spencer, Cable and Wireless, Dairy Crest, Experian, Halfords and Tate & Lyle.

 

This email was originally sent on Friday 31 October 2014

The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.

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