CSS Weekly Review – The UK 100 ends a volatile quarter stuck in a range of 250 points, what can Q2 bring?
What happened in the UK 100 last week?
Last week was another short week with a build up to the Non-Farm Payrolls on Friday, we saw the market rally after the Easter weekend and again trade up and above 6200 but again saw that this level could not be held and retreated below 6100 on Friday prior to the Non-Farm Payrolls and following on weakness in Asia. This brought to a close a volatile quarter, which ended with a good number on the Non-Farm Payrolls, which left the FTSE marginally up on the week.
Please click the UK 100 hourly chart below, to enlarge.
US OIL – What happened last week?
Usual story with OIL again during last week, with the price succeeding to make lower lows, trading all the way down to a few cents above $36, where price seems to have paused. Crude Oil Inventories for the previous week showed an increase in barrels held, not quite to forecast though from 3.1M, down to 2.3M. However, the added surplus pushed price down due to the over-supply affecting price, a circumstance we are all familiar with. The week saw the price moving within a touch of the 200 EMA, a key indicator for price to change, will this reversal continue this week? (EMA-what now!? Brush up on your Not sure what EMA is? read our glossary and find out)
Please click the US OIL Continuous Hourly Chart below, to enlarge.
Please click the US OIL Continuous Daily chart below, to enlarge.
What are the major results to watch for this week?
Today
Stewart & Wright * AFH Financial Group * Christie Group * Belvoir * Everyman Media Group
Tomorrow
Avesco Group * Haynes Publishing Group * Moss Bros Group * International Consolidated Airlines Group SA * Card Factory
Wednesday
Topps Tiles * HSS Hire Group * Diageo * Renishaw * Tower Resources
Thursday
Marks & Spencer Group * Dunelm Group * Glenwick * Lloyds Banking Group * Taylor Wimpey * Pearson * St. James’s Place * Aviva
Friday
Jupiter Fund Management * Driver group * Crest Nicholson * RM
Forthcoming Economic data
Monday
| Data | Forecast | Previous |
| 9:30am Construction Purchasing Managers Index | 54.3 | 54.2 |
Tuesday
| Data | Forecast | Previous |
| 9:30am UK Services Purchasing Managers Index | 53.9 | 52.7 |
| 3:00pm US ISM Non-Manufacturing Purchasing Managers Index | 54.1 | 53.4 |
Wednesday
| Data | Forecast | Actual |
| 3:30pm US Crude Oil Inventories | – | 2.3M |
| 7:00pm Federal Open Market Committee Meeting Minutes | – | – |
Thursday
| Data | Forecast | Actual |
| 1:30pm US Unemployment Claims | 271K | 276K |
| Tentative ECB President Draghi Speaks | – | – |
| 10:30pm US Fed Chair Yellen Speaks | – | – |
Friday
| Data | Forecast | Actual |
| 9:30am UK Manufacturing Production Month on Month | -0.1% | 0.7% |
Please note, at the time of writing not all figures were forecast (04/04/2016 09:57am)
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