Trading Update |
12-Jun-14, 8:59am: World Bank Downgrade and Airline Troubles Hit StocksA 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. |
12-Jun-14, 8:59am: Iraq Conflict and World Bank Concerns Boost CommoditiesCrude 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. |