Look ahead: US trade; consumer morale; Baker Hughes; Berkeley
Watch out for US import and export prices and the latest consumer sentiment ahead of the Fed’s meeting next week.
The Baker Hughes oil rig count comes as the IEA raised its demand growth forecast and lowered its supply projection. UK housebuilder Berkeley has a trading update.
(AI Video Summary)
Important US economic reports coming up
In this video, Angeline Ong gives a sneak peek into what we can expect from the market on Friday, 15 March. She explains that there are some important economic reports coming up in the US, like import and export prices, industrial production, and the Michigan consumer sentiment. Basically, these reports will give us an idea of how well the economy is doing.
Dow Jones updates
Ong then talks about the Dow Jones, which is the name for a group of 30 big American companies. She says that there might be a small reaction in the stock market because of a triangle formation and a potential breakout point. She also mentions that the value of the US dollar went up for a little while but has since calmed down.
Updates on oil
Now, Ong brings up something called the Baker Hughes oil recount. This is important because it helps us figure out how much oil is available. She tells us that the price of US crude oil has been going up lately, and the International Energy Agency is predicting that there will be more demand for oil in the future.
Berkeley Group concerned about tough housing market
Finally, Ong talks about a company in the UK called Berkeley Group. They make homes by turning old industrial areas into living spaces. She tells us that the housing market in the UK is going through some tough times, and Berkeley Group is worried about it. They're not the only ones - other companies that build homes are concerned too.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
