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The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
BP, (BP.L), Royal Dutch Shell (RDSB.L), Tulow Oil (TLW.L), Premier Oil (PMO.L), Weir Group (WEIR.L) – Oil prices jumped to their highest level since July 2015, up 6.6%, as Saudi Arabia signaled they will “cut substantially to be below” the target agreed last month alongside Russia who pledged to pump less next year. Non-OPEC countries including Mexico will join forces and trim output by 558,000bpd next year. Closing prices 476.20p, 2184.00p, 312.30p, 68.00p, 1840.00p (Bloomberg)
Taylor Wimpey (TW.L). Barratt Developments (BDEV.L), Bovis Homes (BVS.L) – A Right Move poll conducted states London house prices fell 4.3% month on month, also down 0.1% year on year, with December house prices are also forecast to fall 2.1% month on month but to have increased 3.4% year on year with average house price of £299,159. Closing prices 154.40p, 467.60p, 840.00p (Bloomberg)
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) - Keep a watchful eye on the Banking sector as early news breaking suggests the Italian Treasury is to intervene to recapitalise Monte Dei Paschi if private capital raising plans fails. Closing prices 233.10p, 67.74p, 217.30p (Sigma Squawk / Reuters)
The Dow Jones (Wall Street Cash), De DAX (Germany 30 Cash), UK 100 ( UK 100 Cash) - British Chambers of Commerce revises up 2016 growth forecast to 2.1% from 1.8% and lifts 2017 outlook to 1.1% from 1% in 2017, however downgrades 2018 GDP forecast to 1.4% from 1.8% as higher inflation curbs consumer spending and concerns over the impact of the EU vote remain. Current levels 19,783pts, 11,200pts, 6,960pts (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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