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

What happened in the UK 100 last week?

We saw a pullback in the short week last week; the Uk100 has retreated after testing 6400 the week previous. However, although we saw a steady decline through the week, we saw the c.6050 hold and it will have to be seen this week if we will rally back up. The Non-Farm Payrolls missed estimates, but this news did not hit the U.S. markets with the Dow Jones finishing up 79 points at 17,740. This week will see the Bank of England release their base rate level, which has stayed consistent at 0.5% since 2009.

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

9th may uk100 1h

What happened with U.S. Oil last week?

Oil traded in a $4 range throughout the previous week, price pulled back from its highs of $46.71 (during the trading week), making an 8% decline towards the $43 level where buyers came back in, supporting that level on the 3rd and 4th of May. Wednesday’s Crude Oil Inventories figures showed much greater supply for than forecast, with 2.8m barrels added to the inventories, over the forecast 0.8m.

As we often see when there is a surplus supply of oil, the price quickly lost ground with a quick 3% movement down. The cheaper valuation proved attractive to investor’s however, as the latter end of Wednesday and towards the end of the week saw an increase towards the weeks end value of around $44.

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

9th may USOIL 1h


 What are the major results to watch for this week?


ITE Group * Gap Inc. * G4S * Greggs


Capita * easyJet * Hiscox * ING Group * Credit Suisse Group *  Allergan * Electronic Arts * Walt. Disney Co.


John Wood Group * National Express * Barratt Developments * Experian * Arrow Global Group * Premier Oil * Compass Group * TUI AG * William Hill


Mondi * Rank Group * Cairn Energy * Hikma Pharmaceuticals * ITV * Vedanta Resources * TalkTalk Telecomm Group * Lloyds Banking Group


Coca Cola HBC AG

Major Forthcoming Economic Data this week


Data type Forecast Previous
All day: Eurogroup Meetings


No major economic data


Data Type Forecast Previous
9:30am: UK Manufacturing Production month-on-month 0.4% -1.1%
3:30pm: U.S. Crude Oil Inventories 2.8m


Data type Forecast Previous
12:00pm: Bank of England Inflation Report
12:00pm: MPC Official Bank Rate Votes 0-0-9 0-0-9
12:00pm: UK Monetary Policy Summary
12:00pm: UK Official Bank Rate 0.50% 0.50%
12:45pm: Bank of England Gov Carney Speaks
1:30pm: U.S. Unemployment Claims 277K 274K


Data Type Actual Forecast
1:30pm: U.S. Core Retail Sales month-on-month 0.6% 0.7%
1:30pm: U.S. PPI month-on-month 0.3% -0.1%
1:30pm: U.S. Retail Sales month-on-month -0.3% -0.3%
3:00pm: U.S. Prelim University of Michigan Consumer Sentiment 89.9 89.0

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.

No, thank you I am already subscribed