Cookies on the Investment International website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.
Continue

New to Investment International?

Welcome, and thank you for visiting our website.

Investment International is the leading publication for investors interested in the world of international investment.

Our aim is to give you intelligent commentary on the most important financial stories, and help you to profit from them. If you've enjoyed what you've read so far why not sign up for our FREE investment alert.

Every week the Investment International team sends out a hard-hitting newsletter packed with news and analysis of the top stories this week plus the best investment opportunities on the market. We always look at the bigger picture like the Eurozone Crisis, and explain how this will affect YOUR investments.


Ask me later
No thanks

Market Outlook April 5th - April 9th PDF Print E-mail

 

Market Outlook

- US : US indices closed slightly up last week helped by gains in the Energy (+4.02%), Materials (+3.19%) and Utilities (+2.28%) sectors. Shares in the Real Estate (-0.73%), Software (-0.95%) and Auto (-4.71%) sectors fell WoW. The S&P 500 index reached a new 52w high Thursday. On Friday, the Bureau of Labor Statistics reported March nonfarm payrolls up 162k (184k expected) after a 14k decline in February. The unemployment rate was unchanged at 9.7%. From a technical point of view, the trend on the S&P 500 remains on the upside with an up target at the major threshold at 1200. Only a break below 1130 would reinstate the short term downside risk.

- EUROPE : European indices rose last week except the IBEX in Spain (-0.21%) and SMI in Switzerland (-0.08%). Shares in the Basic Resources (+5.04%), Media (+2.6%) and Insurance (+2.01%) sectors rose most. The Health Care (-1.4%) sector was the only one to record a week on week decline for the second week in a row. On the STOXX 600, as long as 257 holds the index can continue its up move to 270 and 275. European markets are closed today.

 

  April 5th - April 9th

 

Market Round up

 

Weekly chg (%)

Last

Dow Jones

0.8

10927.1

Nasdaq 100

0.5

1959.6

Dax Xetra

1.7

6235.6

Cac 40

0.8

4034.2

 Foreign Exchange

Euro/dollar : The pair is rebounding on its support but remains within a bearish channel. SHORT below 1.38 towards 1.30 & 1.25.

Dollar/yen : The pair has broken above its bullish flag upper boundary and is approaching its next resistance. Target 96.00 or even 97.50.

Company preview

Monsanto (USD 70.83 ; -0.59% ; MON ; MON.N)
On Wednesday, Monsanto is expected to post 2Q EPS of $1.7 compared to $2.12 a year ago on sales of $3.88bln vs $4bln. On March 30, the Co's price target was cut to $80 from $91 at Citigroup. Technically, the stock remains under pressure below a declining trend line and its declining 50d moving average (@$74.2). The risk is now a slide below $70, which should spark a bearish acceleration towards $67.

border=0 Bed Bath & Beyond (USD 44.18 ; 0.64% ; BBBY ; BBBY.O)
The same day, Bed Bath & Beyond Inc, the US nationwide chain of retail stores, may deliver 4Q EPS of $0.72 vs $0.55 a year earlier on sales of $2.1bln vs $1.92bln. On March 30, the Co's price target was raised to $44 from $41 at Barclays with an "equalweight" rating unchanged. From a technical point of view, the stock is forming a "bullish flag" above its ST rising moving average. Hence, further upside can be expected to $47 and $48.3.

border=0 Hennes & Mauritz (B) (SEK 477.1 ; -0.98% ; HMB ; HMb.ST)
Thursday in the Europe, Hennes & Mauritz (B) could announce 1Q net income of SK3.5bln vs around SK2.58bln a year ago on revenue of SK25.1bln vs SK23.3bln. The Co said it would consider splitting each of its shares in two to make them more accessible. From a technical view, the stock continued to rebound last week, backed by its ascending 20D MA. Above SK455, further advance is more likely towards SK500.

border=0 Vedanta Resources (GBp 2863 ; 4.45% ; VED ; VED.L)
On the same day, Vedanta Resources, the UK-based mining Co, is expected to unveil FY net income of appx. $550m compared with $219m for the previous year. Recently, the Co's board raised the Co's share buyback program to $500m from $350m. Graphically, the stock price broke above a former major resistance around 2800p last week and should continue an up trend to challenge its latest peak at 2967p in the forthcoming days.

border=0 Chevron (USD 76.69 ; 3.92% ; CVX ; CVX.N)
The same day in the US, Chevron, the energy Co, may post 1Q EPS of around $1.7 compared with $0.75 a year earlier. Recently, Fitch Ratings reaffirmed the Co's IDR at "AA/F1+" with a "stable" outlook. Earlier, CEO John Watson said the Co could cut 2,000 jobs and also sell some assets this year to save costs. Technically, the stock rebounded strongly last week. A test of $77 should be in sight before further upside towards $80.

Selection of those events which may affect the stock prices of international Large Caps


Corporate Calendar April 5th - April 9th

Date

Market

Company

Event

Monday, April 5th

 

   

No major earnings expected

 

Tuesday, April 6th

 

   

No major earnings expected

 

Wednesday, April 7th

 

 

FR

Maurel & Prom

annual results

 

US

Family Dollar Stores

1st-Quarter results

 

US

Monsanto

2nd-Quarter results

 

US

Bed Bath & Beyond

4th-Quarter results

Thursday, April 8th

 

 

UK

Vedanta Resources

annual results

 

SW

Hennes & Mauritz (B)

1st-Quarter results

 

SW

Industrivarden AB

1st-Quarter results

 

US

Chevron

1st-Quarter results

Friday, April 9th

 

 

US

Constellation Brands

2nd-Quarter results


Economic Calendar (CET) April 5th - April 9th

Date

Market

Economic data

Period

Expected

Last

Monday, April 5th

 

16:00:00

US

ISM - Non Manufacturing

MAR

53.4

53

Tuesday, April 6th

 

   

No major economic data expected

     

Wednesday, April 7th

 

16:30:00

US

Crude Oil Inventories (WoW chg)

W13

NA

2929

21:00:00

US

Consumer Credit (Bln)

FEB

-0.562

4.958

Thursday, April 8th

 

   

No major economic data expected

     

Friday, April 9th

 

16:00:00

US

Wholesale Inventories

FEB

0.3%

-0.1%


 


This document does not constitute financial advice. If you require such advice, you should seek appropriate professional advice. Internaxx accepts no responsibility for the content of this newsletter. Investors are not authorized to copy, reproduce, duplicate, sell, resell or exploit any portion of the Newsletter for their own commercial purposes. In that case, Internaxx will immediately end the subscription.

INTERNAXX

Content provided by:
TRADING


 

 

Most Read

Latest Guides

New Build UK Student Investment
New Build UK Student Investment
Download

UK Airport Car Park Investment
UK Airport Car Park Investment
Download

UK Airport Car Park Investment
Hever Hotel
Download

Holiday Home Rental Guide
Holiday Home Rental
Download

Investing in Buy-to-let
Investing in buy-to-let
Download

Investing in buy-to-let
Investing in buy-to-let
Download

Discover the real power behind your pension
Hever Hotel
Download

Self Invested Personal Pension Guide for UK Expatriates
key
Download

Offshore Banking Guide
Offshore banking Guide 2010-2011
Download
Pension Planning Guide
International Pension Planning Guide 2010-2011
Download
Eurozone Crisis
Eurozone Crisis Report 2010-2011
Download
Tax Guide
International Tax Guide 2010-2011
Download
Follow us on Twitter
Find us on Facebook