With the outlook still uncertain in Europe, the euro has been struggling to keep up with the dollar. It is likely that the euro will continue to weaken against the dollar until we see more solid signs of recovery. Cantor Index offers a daily euro-dollar spread of $1.2702.6-$1.2703.6.
We are entering an important week for the euro and it is close to multi-year lows. Spread Co offers a spread on euro-yen of ¥108.6-¥108.63 and euro-Swiss franc of SFr1.3161-SFr1.3164.
Amec, the high-level consultancy group for the natural resources industry, announces interim results on Thursday. After recently winning a £60m contract from EDF for gas storage and with both Morgan Stanley and Nomura having price targets of over £10, it could be a stock to watch. Spreadex offers a December quote of 867.8p-874.8p.
BG Group was the subject of takeover speculation on Friday from Royal Dutch Shell and as a result is trading at its highest levels in recent weeks. If the bid comes to nothing then the shares could well slip back. Look to sell BG around 1,100p. CMC Markets’ spread on BG Group is 1,071p-1,071.50p.