NEWS of Thomas Cook’s merger with Co-op Travel will put the pressure on its peers in what is already a very competitive market. Further consolidation in the sector is tipped but we could see something of a land-grab get underway, especially given the market's positive reaction to Thomas Cook’s share price. The current IG Index price on TUI Travel is 222p-222.6p.

The bullish trend we’ve seen in euro-sterling is likely to continue following positive data from the Eurozone last week. Support remains at £0.8626 and if we get further positive news later on this week, the euro could push through resistance at around the £0.8800 level. Cantor Index offers a spread of £0.8758-£0.8759.

The US non-farm payroll number was worse than expected and such a poor number is not ideal during this time of economic woe and simply confirms that the risk of a double-dip is real. The Dow could be over bought at these levels. Capital Spreads’ price for Wall Street is 10,970-10,972.

Further upside is tipped for oil and gas firm Heritage Oil. Its latest rally has been supported by very strong volume and it has also recently been upgraded by a number of brokers. If it manages to resolve its tax issue with the Ugandan government, expect a continuation of the recent rally. ETX Capital quotes 341.1p-341.4p for the rolling daily contract.