Trading Update
12-Jun-14, 8:59am:

World Bank Downgrade and Airline Troubles Hit Stocks



A downgrade to the World Bank’s global growth forecasts and a profit warning at Lufthansa hit stocks yesterday, with more weakness expected on the open.

In addition, EADS and Rolls Royce suffered from a cancellation of orders from Emirates Airlines.

With the World Cup in Brazil starting today, volumes are expected to dip which may encourage greater volatility.



Update by Mark Priest, Market Analyst,
12-Jun-14, 8:59am:

Iraq Conflict and World Bank Concerns Boost Commodities



Crude oil has rallied to key resistance at $105 as ISIS forces in Iraq take control of Mosul and target the country’s second largest oil refinery.

Gold is edging towards $1,267 after global growth forecasts saw a downgrade from the World Bank yesterday.



Update by Craig Inglis, Head of Product Development,