Friday Email: 16 June 2017
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 fallen approximately 100 points since Wednesday after dropping quite sharply following the rise in US interest rates and also the shock of the Bank of Englands monetary policy committee having three members prepared to raise interest rates in the face of higher inflation. On top of this retail sales also fell as inflation bites which led to the biggest one day fall in the FTSE 250 for almost a year.
The past week has been relatively quiet from a corporate point of view.
The week ahead is very quiet as the summer lull continues. The ex-dividend count is also falling, although there are some noticable high payouts going ex-dividend next Thursday. The highest comes from Kcom at 4.43% followed by Elegant Hotels (3.91%), Morses Club (3.35%), Paypoint (3.11%), Norcros (2.79%) and United Utilities at 2.7%.
I will be back in the UK later on today and will catch up with member requests early next week.
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: 09 June 2017
The market has held reasonably steady by the close of play on Thursday and ahead of the General Election result. Then, we had the election result and we have a hung parliament which the markets seem comfortable with for the same reasons as Brexit, namely overseas earnings of British companies abroad and the prospect of the continued low interest rate environment following steep falls in the pound.
