Friday Email: 18 December 2015
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 FTSE 100 has recovered by 4% from the low achieved on Tuesday morning of 5874 to stand at 6115 by the close of play on Thursday. The anticipated rise in interest rates in the US has finally happened and no doubt we will start to think of the same over here, probably in the middle of next year.
The past week was very quiet. The most notable event from an earnings and dividend perspective was the 30% increase in its interim dividend by Dixons Carphone.
The week ahead sees no companies that we cover reporting to the market in what is going to be the quietest week of the year for earnings reports.
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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Read next: 11 December 2015
Another bad week for the market with the FTSE 100 falling below the 6100 level on the back of carnage in the commodities space with prices falling to new recent lows for oil, copper and iron ore. Anglo American was forced to cut its dividend, but BHP and Rio are still saying nothing. Rio keep on buying back their own shares. Opec keeps producing well above its quota and investment is plummeting in the resource space. At some point down the line there is going to be an almighty rebound, but it cannot come whilst inventories are at record levels and Opec continues to over produce to defend its market share with vigour.