Greek result retains market focus

The Greek elections might be over but markets remain preoccupied with what the new government will do next, conscious that a stern test of the eurozone's commitment to stay together could be just round the corner. 

Alexis Tsipras
Source: Bloomberg

Brussels will be hosting another European meeting today and this time it is the turn of the Economic and Financial Affairs Council. The close proximity of EU finance ministers, especially after the recent Greek elections, could well lead to a number of interesting quotes throughout the day.

UK preliminary quarterly GDP figures have come in worse than expected and this afternoon it will be the turn of US durable goods orders and CB consumer confidence figures to improve the sentiment. Following a number of weeks charging higher, gold is struggling to hang onto its gains. Both Olie - VS Crude and Olie - Brent Crude continue to float mid-range in the $40’s but are looking more likely to continue drifting lower than mount a serious recovery.

easyJet shares took off as soon as the markets opened following the announcement that first-half losses in the quieter winter months were less than expected, and likely to be half of the previous year's. An improvement in business travel numbers and cost efficient fuel prices have collaborated to send the shares higher. Having already lost its CFO to ARM Holdings the airline will be hoping this further success will not add to the attractions of CEO Carolyn McCall.

Sticking with the airlines, Willie Walsh looks to have got his way as the Aer Lingus board has now recommended IAG’s third offer worth €2.55 a share for the Irish Airline.

Peppa Pig continues to bring home the bacon for Entertainment One following its 100% year-on-year growth which has helped return almost $1 billion in global retail sales. This has helped drive the share price up by 2.67% in the morning session.

It's a packed day of US corporate reports today with Caterpillar, Pfizer, Apple, Yahoo, AT&T and Procter & Gamble all posting quarterly figures.

Last night saw Microsoft join an illustrious list of US companies that have missed EPS expectations. The markets have come to expect 75% of companies to beat projections, but this quarter is beginning to look like the exception to the rule. 

Ahead of the open we expect the Dow Jones to start 47 points lower at 17,631.

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.

Find articles by analysts

Een artikel zoeken

Form has failed to submit. Please contact IG directly.

  • Ik wens per e-mail informatie van IG Group bedrijven te ontvangen over handelsideeën en IG's producten en diensten.

Voor meer informatie over hoe wij uw gegevens mogelijk kunnen gebruiken, bekijkt u ons Privacy- en toegangsbeleid en onze privacy website.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.