05/12/13 Market Movements

Markets closed down 11.64 points at 6,498.33 today.

Stock movements
Asos alpha alarm went off today and closed above its target sell price. Target sell price is 6000p, closing price is 6010p.

 

Thomas Cook also finished above its target sale price. Target sell is 170p, closing price is 171.8p. No clients are invested in this, although it is on the watchlist.

Market news
As expected, it was announced during the Governments Autumn statement that the Bank of England will be holding interest rates and quantative easing in an attempt to nurture the economies recovery.