Supermarket WM Morrison is updating the markets this Thursday with its 2011 interim results. The main focus will be to see if it has gained any market share over rivals in the increasingly competitive supermarket sector. Speculation has also been surrounding the group with talk of a takeover bid for UK frozen food chain, Iceland. Capital CFDs quotes 288.5p-289.2p.
To say the retail sector has been in the limelight of late would be an understatement. With profit warnings being thrown out left, right and centre earlier this year, the trading statement of Dixons on Wednesday should hopefully shine some light on the future of the electrical retailer. Bargain hunters may be looking for a reason to snap up the share. Capital Spreads quotes 11.0p-11.3p.
US traders are coming back to their trading desks today with some very bearish technical signals on their Dow charts. The Dow is currently trading down over 140 points from Friday’s closing level, a considerable gap down on the charts. At 11,080, it’s below the 50 per cent Fibonacci retracement of the August move from 10,455 to 11,715, which is a bearish sign. Spread Co quotes 11,080.2-11,081.0.