We ask one of our brokers to highlight two pieces of market data or news which they consider to be worth keeping an eye on this month.
The broker is deliberately given no specific remit or distinction between data, stocks, results or events simply an identification of news which he believes will have a significant impact on the market as a whole or on a specific stock.
17th June – Thomas Cook Group Interim Results.
Thomas cook is one of two leisure travel companies listed on the FTSE 100 and their interims will act as a guide to how other comparable companies are performing.
The recent strength in the Euro has resulted in strong transitional gains and the company recently stated they are confident in meeting full year expectations.
However, oil prices continue to rise and airlines continue to pass on these increased costs to passengers. As a result, the price of package holidays are rising and investors are concerned that these price rises will affect demand at Thomas Cook?
25th June – US Federal Reserve Interest Rate Decision.
The emphasis on interest rates looks set to remain strong for the foreseeable future.
The US central bank has slashed Interest Rates this year in a bid to boost economic momentum.
However the FED has expressed concern about inflationary pressures in recent weeks, as world oil prices have rocketed to record highs.
Could the recent strength in the dollar be giving us an early indication of where interest rates are heading across the pond?