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Published on 2 Mar 2017
The
FTSE holds onto the record highs reached Wednesday as a reshuffle of
listed companies ruffles the markets. Capita and Dixons Carphone are to
be booted out of the FTSE 100 after its quarterly review which will take
effect on March 20th. They will be replaced by Scottish Mortgage and
Rentokil Initial. But Easyjet and Intu Properties managed to stay in the
top league of UK listed companies.
Dixons Carphone ends a 19-year run since it’s entry in 1995. The electronics retailer suffered in the wake of the Brexit vote. And Capita’s CEO has stepped down as a consequence of its latest annual pre-tax profits which fell 33%.
The eurozone’s unemployment rate remained unchanged at 9.6% in January. This is the lowest since May 2009. Greece still has the highest jobless rate in the eurozone at 23%, while Germany has the lowest at 3.8%. And Eurozone inflation has risen to 2%. The headline rate of inflation in the eurozone rose to 2% in February from 1.8% in January, bang in line with expectations. According to Eurostat, energy prices, food, alcohol and tobacco were the main drivers of the rise.
Looking ahead to Friday - Japan’s economy will report the latest inflation, unemployment and consumer confidence figures. On the corporate front, there’s WPP and the London Stock Exchange which hit the news last week after it said it was unlikely to receive clearance from Brussels for its merger with Deutsche Boerse.
#forexnews
@CVecchioFX
@DavidJSong
@MBForex
@JamieSaettele
@JohnKicklighter
@ilyaspivak
@ForexYell
@JStanleyFX
@DRodriguezFX
@PaulRobinsonFX
Dixons Carphone ends a 19-year run since it’s entry in 1995. The electronics retailer suffered in the wake of the Brexit vote. And Capita’s CEO has stepped down as a consequence of its latest annual pre-tax profits which fell 33%.
The eurozone’s unemployment rate remained unchanged at 9.6% in January. This is the lowest since May 2009. Greece still has the highest jobless rate in the eurozone at 23%, while Germany has the lowest at 3.8%. And Eurozone inflation has risen to 2%. The headline rate of inflation in the eurozone rose to 2% in February from 1.8% in January, bang in line with expectations. According to Eurostat, energy prices, food, alcohol and tobacco were the main drivers of the rise.
Looking ahead to Friday - Japan’s economy will report the latest inflation, unemployment and consumer confidence figures. On the corporate front, there’s WPP and the London Stock Exchange which hit the news last week after it said it was unlikely to receive clearance from Brussels for its merger with Deutsche Boerse.
#forexnews
@CVecchioFX
@DavidJSong
@MBForex
@JamieSaettele
@JohnKicklighter
@ilyaspivak
@ForexYell
@JStanleyFX
@DRodriguezFX
@PaulRobinsonFX
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