WITH Thomas Cook set to serve up results later in the week, it’s difficult to see much cheer for the industry against the current economic backdrop. The company has already revised down guidance for the full year and even the prospect of plummeting oil prices is unlikely to deliver any positive sentiment. Current IG Markets price is 36.95p-37.11p
A big focus has been on gold and the tumble it has taken, but let's not forget silver either. In line with its sibling, it has seen a sharp decline from over $40 last week, to as low as $26. The trend is pointing down and momentum is strong, so the bears could certainly be out for now. Capital CFDs quotes December Silver $28.74-$28.77.
Defensive play Centrica goes ex-dividend on Wednesday so those income-hungry investors might want to take advantage of a 4.3p payout. Capital CFDs quotes a price of 292.0p-292.5p for the stock which has drifted around the £3 mark for some time now.
Burberry shares have fallen some 15 per cent in a week since breaking above the £15 level again. The pull back may be overdone and it is getting support from trend lines around £12.75-£13. Look for Burberry to check its fall and cap the week off with a return towards the £13.50-£14 level. Spread Co offers a spread on Burberry of 1,308.1p-1,311.2p.