Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Week Ahead: 3rd Quarter, Euro Breakout

Published 07/03/2017, 04:49 AM
Updated 04/25/2018, 04:10 AM

Welcome to LCG’s look ahead to the key events in markets for the week starting July 3rd, 2017.

It’s the start of the third quarter and stock markets are still looking strong but volatility seems to be rising- particularly in the FTSE 100 and the Nasdaq. The end of quarter typically brings with it some portfolio rebalancing – that may go some way to explain the move out of tech stocks and perhaps UK equities.

The euro and the pound broke higher last week after some relatively hawkish commentary from the typically dovish ECB and Bank of England. Minutes from the Federal Reserve, PMI data and the UK inflation report hearings will likely play key roles as to whether the breakouts are sustained this week.

It’s also Independence Day in the US on Tuesday so big market players away for a long weekend could keep volumes low.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.