Philip Salter
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DEPARTMENT store Debenhams is releasing a trading statement tomorrow. Traders are finding it tough to be optimistic after poor August UK retail sales and consumer confidence figures. Rival John Lewis released its latest figures and found the first half of the year tricky. Capital Spreads quotes 60.7p-61.1p.

Alliance Trust has been in the press lately for numerous reasons, ranging from the hiring of Schroders’ Juergen Lanzer on the equities team to the implementation of the Charles River investment management system. Hopefully this means that its interim earnings release today should show that the modifications are changing things for the better. Capital Spreads quotes a price of 340.0p-341.5p.

Gold suffered from the move last week to ease dollar liquidity and slumped to three-week lows of $1,763, before recovering on Friday afternoon. There should be resistance at $1,811 from both the 30-day simple moving average and the 50 per cent Fibonacci retracement of the move from $1,702-$1,920. Spread Co quotes $1,995.1 - $1,795.5.

The FTSE 100 once again looked tentative around the 5,400 level on Friday and many went short expecting history to repeat itself. In the past few weeks the index has failed to get above and beyond 5,400 on three occasions, so if the resistance level remains intact we could see further weakness to come. Capital Spreads quotes 5,383.0-5,384.0.