Daily Market Roundup – China data and Oil boost equities, Outlook for LON: ASC, LON: BOO, LON: SGP

In today’s finance show open, we discuss oil prices, china data, and live chart UK market stocks – ASC, BOO and SGP, with inputs from Zak Mir, Technical Analyst at ZaksTradersCafe, and Mike Ingram, Strategist for BGC Partners.

Key Points

Oil prices up at this year’s highest level equals positive equities

China imported a record amount of crude oil

IMF’s world economic outlook - growth revised downwards to 3.2% in 2016

GBP/USD forming an inverse Head and Shoulder formation

#Broker Forecast – LON: ASC, LON: BOO, LON: SGP

Live charting:

LON: BOO – 60p target

LON: SGP – Will find an uptrend line from December 2014, 1300 the place to go long

forex, indices, stocks, uk, stock market, fundamental, technical, china, oil, imf, global growth, trade data, LON: ASC, LON: BOO, LON: SGP