Major market forecasts: FTSE100, Wall Street, UK stocks – SpreadEX

Spreadex financial analyst Connor Campbell discusses macro outlook on FTSE100, Wall Street and micro outlook on UK stocks – Nike, Sainsbury, and Merlin Entertainments.

Key quotes:

FTSE100 - Clients buying around 6800, Algeria meeting and the resulting oil price action could influence the index

Wall Street – Focus on presidential debate now

Nike – Caught in a twist. Profits aren’t falling but revenues aren’t rising as fast as expected as well. Hasn’t released noteworthy product off while, stronger dollar is also an issue

Sainsbury – Given it has performed poorly over two quarter even the slightest of good news could trigger a rally

Merlin Entertainments – weaker pound and Staycations (rise in tourism) positive for the stock. Fall below 460 mark in run up to release on Thursday