Equity Briefing: UK pub stocks and US NFPs

Are UK pub stocks worth watching ahead of England’s football match with Ukraine this weekend, and how will US non-farm payrolls later today impact equities as they sit near all-time highs.

Stocks (2)

Want the latest news to come to you?

You can get the latest market-moving news and incisive insight sent straight to your inbox every day, including the Equity Briefing, by subscribing to receive our market commentary updates.

Click here to subscribe.

UK pub stocks

The corporate calendar is extremely quiet today, but it is worth watching pub stocks as England fans enter the weekend with high hopes for their football match against Ukraine on Saturday.

Stocks including Wetherspoons, Mitchells & Butlers and Marston’s have all risen by over 2% since England celebrated its victory against Germany earlier this week.

The fact the quarter-final match falls on a Saturday should bode well for pubs that are eagerly trying to welcome customers back and get cash through the door. Even Wetherspoons, which isn’t showing any Euro 2020 matches, could benefit if people head-out for a pre-match tipple or when punters head out to either celebrate or drown their sorrows depending on the result.

US stocks and non-farm payrolls

The headline event in the economic calendar today is US non-farm payrolls at 0830 ET, or 1330BST. This will provide insight into how many new jobs have been created in June as the US economy recovers from the pandemic, and therefore will impact how US equities perform today.

With markets hovering at near all-time highs, the data could either help propel them to new peaks or cause some of the recent gains to unwind.

The previous figure came in at 559,000 for May and the consensus expects this to rise to 690,000 in June. City Index’s head of research Matt Weller writes that leading indicators point to a below expectations reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 500-600k range, albeit with a bigger band of uncertainty than ever given the current global backdrop.

How to trade top stocks

You can trade a variety of stocks with City Index by following these four steps:

  1. Open a City Index account, or log-in if you’re already a customer.
  2. Search for the company you want to trade in our award-winning platform
  3. Choose your position and size, and your stop and limit levels
  4. Place the trade 

More from Equities

Disclaimer

This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

StoneX Financial Pte. Ltd. is not under any obligation to update this report.

Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit cityindex.com.sg for the complete Risk Disclosure Statement.