CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider (Saxo Bank). You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

Welcome to this week’s version of the CSS Weekly Review

What happened in the UK 100 last week?

Last week saw the market continue to be range bound between 6200 and 6400, where the index finished slightly down after the major U.K. Banks reported mixed results. On a similar note, we also saw the U.S. Fed Reserve leave rates unchanged.

This week is a short week for the markets, with the build-up to the Non-Farm Payrolls on Friday, this is the jobs report and will give an indication for not just the U.S. markets but also whether we are going to see U.S. Fed reserve increase rates and at what pace.

Please click the image below to enlarge the UK 100 Hourly Chart

UK 100 1H CHART

 

What happened with U.S. Oil last week?

Oil continued to further its’ gains from the previous week, reaching new highs of just above $46.50. The valuation of oil began to increase on the back of news posted on the 26th April that an industry group reported a surprise draw in U.S. Crude stockpiles.

A slightly contrary piece of news was the key economic indicator, ‘Crude Oil Inventories’ data posted on Wednesday. It was reported an actual increase in inventory of 2.0M barrels, as opposed to the 1.4M forecast, this led to the slight decline in value as surplus supply was not well received.

However, it was not enough to sway Oil’s general uptrend, with price quickly recovering the same day to reach higher highs by week’s end.

Please click the image below to enlarge the U.S. Oil Hourly Chart

US OIL Hourly Chart

 

What are the major results to watch for this week?

Monday

Bank Holiday

Tuesday

SABMiller * Aberdeen Asset Management * HSBC * Ford

Wednesday

Next * Carillion * Imperial Brands * Paddy Power Betfair * J Sainsbury * Royal Dutch Shell * Royal Bank of Scotland * Adidas * Randgold Resources

Thursday

Millenium & Copthorne Hotels * Sage * Morrison * BT Group * Smith & Nephew * RSA Insurance

Friday

InterContinental Hotels Group * Capital & Counties Properties * Allergen

 

Major Forthcoming Economic Data this week

Monday

Data Type Forecast Previous
3:00 pm ECB President Draghi Speaks
3:00 pm U.S. ISM Manufacturing Purchasing Managers Index 51.6 51.8

Tuesday

Data Type Forecast Previous
Manufacturing Purchasing Manager’s Index 51.3 50.7

Wednesday

Data Type Forecast Previous
9:30 am UK Construction Purchasing Managers Index 54.1 54.2
1:15 pm U.S. ADP Non-Farm Employment Change 205K 200K
3:00 pm U.S. ISM Non-Manufacturing Purchasing Managers Index 54.9 54.5
3:30 pm U.S. Crude Oil Inventories 2.0M

Thursday

Data Type Forecast Previous
9:30 am UK Services Purchasing Managers Index 53.6 53.7
1:30 pm U.S. Unemployment Claims 261K 257K

Friday

Data Type Forecast Previous
1:30pm Average Hourly Earnings m/m 0.3% 0.3%
1:30 pm Non-Farm Employment Change 206K 215K
1:30pm Unemployment Rate 5.0% 5.0%

Not sure what something you have read here means? Let us know the nature of your question and we can help explain everything to you.

I hope you enjoyed this version of the Weekly Review. Do you want to be informed on a daily basis on general stock market movements or our latest research & analysis? Subscribe to The Morning Call now.

Get Started with CSS

Open an Account

Subscribe to our award winning daily newsletter

Voted "Best Market Newsletter" in 2012, 2014, 2015 and 2017 by the City of London Wealth Management Awards

Subscribe to our newsletter (Popup)

By signing up to our free email, you are consenting to receive these promotions. The newsletter is sent up to three times per day during the week and up to once per day over the weekend and is directed at UK residents. The newsletter contains company news, market movements, CSS research and promotions and breaking economic news. Occasionally our newsletter will contain advertisements from trusted partners. However, we will never give, sell or rent your email address to any other companies. If you want to stop receiving our free emails you can unsubscribe at any time by clicking on the link at the bottom of each email. You can read our privacy policy here.

Sending
No, thank you I am already subscribed