Friday Email: 15 September 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 had a poor week and looks set to end down around 100 points. The MPC started to make noises yesterday about a rise in interest rates and that sent the pound higher which resulted in a small reversal of the big gains on the equity markets that have taken place since the collapse of the pound following the Brexit vote. The arguments for a rate rise remain weak in our view and any rate rise would be observed for some time before rising rates again. So, it does look like a small hike (0.25%) is on the cards. Some say as early as November, we think later; possibly early in the new year. All of this resulted in a fall in the big overseas earners and a rise in bank shares.
The past week saw a moderate level of company reporting with the biggest dividend increase coming from Galliford Try with 17%.
The week ahead is quiet with the biggest companies reporting being Kingfisher, Smiths Group, Kier and Saga.
New into DividendMax this week at the request of members we have Strix (KETL) and Kromek (KMK)
We recently featured in the excellent DIY Investor magazine and the article can be found here:
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.
It’s included as part of the free DividendMax trial.
Read next: 08 September 2017
The FTSE 100 continues to trade in a narrow range and is down about 60 points on the week.
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