Connor Campbell, financial analyst for Spreadex, joined James Hughes, chief market commentator for eToro, on the Tip TV Finance Show to discuss his outlook on the DAX, the FTSE 100, Sky, Home Retail Group and Amazon.
DAX more positive
Campbell noted that negative inflation figures may cause problems for the DAX, but nothing will be set this week as Draghi will reassure markets following these weak figures leading to an overall positive outlook.
FTSE 100 no direction
After being quite pessimistic on Friday, this week people are more positive towards the FTSE 100, but it still remains directionless and buyers and sellers are both coming in around the 6400 mark. He continued that with big UK stocks announcing results today, the index could be boosted by strong results.
Strong position for Sky but unsure over future
Campbell outlined that Sky recently crossed the 12 million customer mark, and that is plans to be the dominant media and telecom producer in the UK. However, he added that Chinese chaos and a broker downgrade hit Sky hard, but a strong report could lift it back up. Campbell concluded that Sky is in a toe-to-toe media battle with BT, and he highlighted that the success of M&A could see one move ahead of the other.
Home Retail struggling
In terms of Home Retail Group, Campbell believed that it is in a battle with Homebase and Argos. With the most important time of the year coming up in the form of Christmas, he expressed the importance of this time if Home Retail will break out of its current struggle around the 140 level.
Amazon creeping back up to all-time highs
Campbell finished on Amazon, where he commented that it weathered the last few months very well and may cross the $600 mark for the first time after seeing buying above 550. However, he did note that it carries the same high expectations seen with Netflix and a small dip below these expectations in its results could cause problems.
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