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CSS Weekly Review – UK 100 – Has the blue-chip index stabilised after last week’s budget announcement?

CSS Weekly Review - UK 100

UK 100 – What happened last week?

We saw the FTSE stabilise last week after an aggressive sell-off at the start of the year and a dramatic rally over the past few weeks. We saw the Budget push the market on Wednesday although the gains were quickly given up on Thursday and we had a slightly positive end to week.

Now that most of the major economic reports have come out and we have erased most of the New Year losses, it will be interesting to see whether the FTSE consolidates and moves higher or we are dragged lower.

CSS Weekly Review - UK 100 - USOIL CONT Chart

US OIL – What happened last week?

US Oil ended the week slightly higher last week. The decreased supply count of Crude Oil Inventories as released Wednesday 15th saw the amount held in inventory increase less than forecast, a total of 1.3m barrels were added to the inventory opposed to the expected 2.9m.

Consequently, this saw crude pick up throughout the latter end of the week, rising to roughly $41 before declining to a week-end level of $39. Please see the OILUS Continous Hourly chart  for reference.

Companies Reporting This Week


Rank Group * Milton Group * CVS Group * Johnston Press * Bovis Homes Group


Sky * Jimmy Choo * Bellway * Thomas Cook Group * United Utilities Group


Phoenix Group Holdings * Kingfisher * GW Pharmaceuticals * Computacentre


John Laing Group * Standard Chartered * OneSavings Bank * Ladbrokes * Prudential * Schroders


No companies announced


Forthcoming Economic data


Data Type Forecast Previous
9:00am: European Currency Account 26.3bn 25.5bn
11:00am: CBI Industrial Order Expectations -13 -17
2:00pm: U.S. Existing Home Sales 5.32m 5.47m


Data Type Forecast Previous
9:00am EUR German IFO Business Climate 106.1 105.7
9:30am UK Consumer Price Index year on year 0.4% 0.3%
10:00am EUR German ZEW Economic Sentiment 6.3 1.0


Data Type Forecast Previous
2:30pm U.S. Crude Oil Inventories 2.5M 1.3M


Data Type Forecast Previous
9:30am UK Retail Sales month on month -0.7% 2.3%
10:15am EUR Targeted Long Term Refinancing Option 18.3bn
12:30pm U.S. Core Durable Goods Orders month on month -0.2% 1.8%
12:30pm U.S. Unemployment Claims 267K 265K


Data Type Forecast Previous
12:30pm U.S. Final Gross Domest Product quarter on quarter 1.0% 1.0%

Please note that at the time of writing 21/3/16 09:00am, not all statistics were forecast yet, from our source – these will be updated as the week commences.

I hope you enjoyed the weekly review with what news is released this week. If you want to be informed on the stockmarket on a daily basis and you arent yet a subscriber of our award-winning newsletter The Morning Call, I suggest you join the movement and get in the know! Subscribe here: The Morning Call newsletter

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