UK GDP figures for the first quarter of this year are released on Friday morning and analysts suggest that the economy could have stagnated after a weak showing in the fourth quarter of 2009. Uncertainity surrounding the impact of the volcanic ash cloud on some UK companies combined with weak growth figures could see the FTSE 100 pull back over the coming days. ETX Capital is quoting 5,725-5,726.5 for its daily rolling FTSE 100 spread.
WH Smith releases its interim figures today and it will be interesting to see if the company makes any reference to the impact last week’s air travel shut-down had on its airport business. Its share price is also nearing an interesting level, as it is rallying towards resistance at 518p. WH Smith has failed twice in the last two days to break above this level, and has pulled back to 510p. Good results could well see a break to 550p, a poor update could see it drop to 480p. Spread Co offers a spread of 513.1p-514.4p
Game Group shares fell this week on news of poor trading at the start to the year. Game was poised for a break lower even before this news as it closed below its 20-day moving average on Tuesday. It is also broke below its 50 day moving average of 91.5p yesterday. Game could re-test its March lows of 78p in the coming days. Spread Co has a spread of 87.30p -87.70p.