UK GDP, Thanksgiving, China Debt and The Budget driving markets
Tim Harrison Head of Wealth Management at Linear Investments joins Matt Brown on the Core Finance Morning Show to discuss UK GDP, the U.S. Inflation Slowdown, the fallout from Hammond’s Budget including the outlook for the UK Housebuilders. Stocks covered include:
Centrica – owner of British Gas post weak numbers, seeing the stock decline on the back of reduced customers. However, with Centrica maintaining it’s current dividend, this will be some solace for income traders.
Accor – The toilet paper manufacturer listed on the AIM. Harrison explains the recent issues with the company and highlights the lack of investment by directors in the recent capital raising
Royal Dutch Shell – Downgraded to hold from buy by HSBC, have the major oil heavyweights outperformed too strongly this year?
Harrison provides an update on the Core Number – with traders paying attention to the England v Australia Ashes Test
With a Thanksgiving Holiday in the U.S. today, Harrison notes the lack of volumes in the market. Finally, the lack of any major macro data means markets will lack direction today.
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