The FTSE ended this past week down 1.46 per cent amid further global growth concerns and the shock resignation of the European Central Bank's chief economist, Juergen Stark.
As the week kicks off, investors will have their first chance to react to any developments from the two-day meeting of G7 finance ministers that ends on Saturday, although no major announcements were expected.
Investors will also be looking on Monday to the final recommendations by the Independent Commission on Banking, which is expected to confirm its initial proposals, published in April, that called for a "ring-fencing" of lenders' retail businesses, thus avoiding banks being sunk by investment division losses.
It is also likely to repeat calls for banks to set aside more capital to prevent future state bailouts and could again recommend that state-rescued Lloyds Banking Group sells more assets to boost competition.
However following intense lobbying by major British banks such as HSBC and Barclays, reports suggest reforms may not occur until after the country's next general election in 2015.
Bank stocks, which have been mauled in the past weeks, risk a further battering if the costs of reorganisation and increasing capital are seen as being too heavy.
If the general lines of the reform are well known, the particulars and calendar of its implementation could still swing the market.
Several data releases are also on the calendar. Foreign trade and August inflation readings are due out on Tuesday. August unemployment is to be released on Wednesday and retail sales figures on Thursday.
Kesa Electricals is to present its first quarter results on Thursday. Kingfisher, Europe's biggest home-improvements retailer, is also to release results on Thursday.
uk stock market predictions september 12 2011, London Stock Exchange trading outlook for week september 12 2011, analyst uk market september 12 2011, British banks stock forecast september 12 2011. FTSE stock forecast sept 12 2011. For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
uk stock market
- How payday loan bullies are stealing your cash
- UK stock to watch Invensys, Taylor Wimpey, Vodafone nov 12 2012
- UK Economic out of the double-dip recession report today oct 25 2012
- UK retail sales report september 26 2012
- average payment to a UK bank 2011
- Royal Bank of Scotland shares prices for 8/31/2012
- Lloyds Banking shares prices for 8/31/2012
- London stocks FTSE outlook 8/31/2012
- official figures US economic growth q2 2012
- London stock market closed 8/27/2012
- ETFs Stocks to watch week 27-31 august 2012
- UK Equity markets market closed july 24, 2012
- UK stock market week july 23-27, 2012
- UK Bank Scandals as profits rise, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Barclay
- UK banks need more capital to withstand an escalation in the eurozone crisis
- FTSE 100 stock outlook june 7 2012
- London stock market FTSE 100 down may 23 2012
- impact of Greek exit from Eurozone on UK Economy
- FTSE 100 outlook open may 14 2012
- FTSE stock closed today april 30 2012
- FTSE 100 Risers, Fallers april 26 2012
- Tesco market shares april 2012
- Why Skyepharma stock prices up more than doubled
- FTSE100 expected to open lower today april 23 2012
- British stock market focus next week april 23-27 2012
No comments:
Post a Comment