Market forecasts: Cable, Footsie, Saga & Kier Group – Spreadex
Sep 20, 2016, 12:53 PM
Connor Campbell, Financial Analyst at Spreadex details the macro outlook for markets – FTSE100, Cable, Saga, Mitchells & Butlers and Kier Group - in which clients are positioned. He is joined by Tip TV’s Zak Mir.
Key points
FTSE100 – pre Fed and BOJ lull. Clients aren’t comfortable to predict a breakout ahead of CB rate decisions.
Cable – Clients are buying around 1.30 levels in anticipation of Fed not doing anything on Wednesday. Upside could be capped around 1.31 in case Fed throws a hawkish surprise at the markets.
Saga – Travel sector is volatile. Clients are selling around 220 levels. Looking for a short-term drop.
Kier Group – Signed 5 billion pounds worth of deals since Brexit. Clients buying around 260-270 mark.