FTSE 100 +18 points (+0.31%) at 6050, DAX +0.10% at 12687, CAC4+0.41% at 4909
DJIA +357 points (+1.30%) at 27791, S&P 500 +0.27% at 3360 NASDAQ -0.39% at 10968 – Shares of Colgate-Palmolive were 0.54% higher to $76.65 yesterday, on what proved to be an all-around positive trading session for their stock markets. Procter & Gamble Co also enjoyed a good session.
ASX +0.45% at 6137, SHANGHAI +0.36% at 3391, HANG SENG +2.32% at 24943, NIKKEI +1.82% at 22736 – Despite China’s sanctions taken against 11 US citizens, markets appeared unfazed and took their lead from the upbeat sentiment that prevailed on Wall Street.
Bonds – 10-year yields – Germany -0.52%, France -0.24%, Japan 0.01%, UK 0.13%, Spain 0.25%, Portugal 0.27%, US 0.58%, Italy 0.99%, Greece 1.03%,
UK companies posting interim results this week – Tuesday – Intercontinental Hotels Group, Prudential, Domino Pizza, SDL, Petrofac, Pendragon, Wednesday – Admiral Group, CLS Holdings, Balfour Beatty, Avast, Just Eat, Thursday – National Express, Just Group, Renishaw, GVC Holdings, Tui Travel
US Companies posting interim results this week – Tuesday – Eastman Kodak, Wednesday – Zoom, Cisco Systems, Lyft
Economic data to be posted this coming week – Tuesday – UK Average earnings, UK Unemployment (June 4.2%), US PPI, Wednesday – UK Balance of trade, UK GDP Y/O/Y -18%, UK Manufacturing, Industrial Production & Construction (June 2020), US MBA Mortgage applications, US Inflation, Thursday – US Import & Export Prices, US Initial Jobless Claims, Friday – EU GDP -15% (EST), US Retail Sales, US Industrial Production, US Univ of Michigan Consumer Confidence
Suggested opening calls – FTSE 100 +44 points at 6094, DAX +122 points at 12803, CAC 40 +42 points at 4951, DJIA Futures 82 points at 27874
David Buik 