BEING one of the main safe investments, gold is on the up again after its recent correction. With concerns in the Middle East still prominent and ongoing talk of inflation, the demand for the metal is still high. The all-time high was $1,423.75 in December 2010 but with the situation still fragile, we may very well see this broken. Capital CFDs quotes $1,413.3-$1,413.7
ITV will be coming out with its figures on Wednesday 2 March and, having seen the share price move higher up to its mid February high of 88p, will the shares be able to break above this level or will ITV’s forward-looking assessment on the market conditions knock the share price. WorldSpreads offer a 86.85p-87.10p spread.
Whitbread, the hotels and restaurants group, report earnings tomorrow. Traders were selling their shares at the 1,800p resistance level on Friday and Monday despite expectations of an upbeat statement. The shares also dipped below the 100 day moving average on Monday at 1,768p and a close below this price could well see the shares slip to the 1,680p level, depending on the earnings update. Spread Co offer a spread on Whitbread of 1,759.6p-1,764.3p
The fortunes of International Consolidated Airlines Group (IAG) will be in the spotlight this week. The merger of British Airways and Iberia may prove fortuitous for the new company which managed to post a fourth quarter profit last week. However uncertainty over the situation in the Middle East could end up hitting IAG hard. Global air traffic has barely recovered from the last economic downturn whilst soaring fuel costs would invariably have the potential to hit discretionary travel hard. The IG Markets price on IAG is 226.3p-226.5p