Major market forecasts: FTSE100, GBP/EUR, Travis, TPK, GS & MSFT – SpreadEx
Connor Campbell, Financial Analyst at Spreadex presents technical/fundamental forecasts for major markets. He is joined by Tip TV’s Zak Mir.
Key quotes:
FTSE100 – UK jobs and wage growth data is unlikely to provide a major positive surprise. Clients are still shorting above 7K. Few buyers spotted around 6950. Weaker Pound is no longer fueling a rally in FTSE
GBP/EUR – 1.10 is a sticking point. European Central Bank rate decision is the main event this week.
Travis Perkins – Hurt by dismal forward guidance
Goldman Sachs – Could produce unambiguously positive earnings...Clients selling around 170
Microsoft – Trading at all time highs