Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

UK Stocks - Factors to watch on Sept 30

Source: Reuters - Wed 30th Sep 2009

Britain's FTSE 100 is seen opening flat on Wednesday according to financial bookmakers as a surprise drop in consumer confidence in the U.S. weighed on Wall Street overnight, setting the scene for a subdued session in Europe.

The FTSE is seen opening between 3 points higher and 5 points lower, after closing 0.1 percent lower at 5,159.72 in a choppy session on Tuesday.

Hefty gains over the course of the summer have seen UK shares rally 21.4 percent in the three months to September, the FTSE 100's best quarterly performance since the index was launched in 1984.

The FTSE 100 has also risen 16.4 percent so far this year, just a touch below gains in the 12-months of 2006, supported by a recovery in corporate earnings and encouraging macro economic data since shares hit a floor in March this year.

Ex-dividend factors will knock 0.72 points off the index, with Alliance Trust, International Power, Inmarsat, Liberty International, Tullow Oil and WM Morrison all losing their dividend attractions.

British consumer morale saw its biggest one-month jump since 1995 in September to notch its highest level since January 2008, the GfK/NOP consumer confidence barometer showed on Wednesday.

Attention in the afternoon will turn to the final reading of the GDP data for the United States in the second quarter at 1230 GMT, which is expected to show that the economy shrank at an annualised rate of 1.2 percent.

Meanwhile U.S. ADP employment figures for September, due at 1215 GMT, are expected to show a drop of 210,000.

* US STOCKS-Confidence data hits market; Nike rises

* Nikkei flat in cautious trade, economic data eyed

* GLOBAL MARKETS-Asian shares up, Aussie at 13-mth high

* Oil up to $67 on dollar slip, China growth

* Dollar slips vs yen, retail data lifts Aussie

* TREASURIES-Mixed data keeps long bonds in favor

* PRECIOUS-Gold firms, eyes best quarter since Q1 2008

UK stocks to watch on Wednesday are:


The drugmaker's bid to sell its Cervarix cervical cancer vaccine in the United States faced further delay on Tuesday and the company recalled a batch ofthe vaccine in Britain following a teenager's death. Health officials, however, said the dose was "most unlikely" to have caused her death


Several tobacco companies, including British American Tobacco plan to ask the U.S. Supreme Court to overturn a May ruling in a racketeering lawsuit that requires them to disclose more about the dangers of smoking and bars them fromselling cigarettes as "light" or "low tar."


Spending on Internet advertising in Britain grew 4.6 percent in the first half of 2009, outperforming the wider advertising sector, which slumped 17 percent, and making it the country's biggest ad medium ahead of TV, according to the biannual report from the Internet Advertising Bureau


The oil major said on Wednesday its 137,000 barrels-per-day Australian refinery had been partially shut down since Monday due to a technical failure.


The retailer reports second quarter results.


The hedge fund manager releases a first-half trading update.


The engineering firm reports full-year results.


The travel firm releases a trading update.


The engineering support services company releases a trading update.


The IT firm releases a trading update.

Comment on this Story

Be the first to comment on this Story !!

Recommended Items