Anglower payout for CEO


Monday, 14 March: The FTSE 100 managed to hold on to some credible gains after a strong start to the day. The index closed the day up 0.57%, picking up where we left off on Friday afternoon.  Trading on Monday was somewhat subdued as investors ready themselves for a host of central bank news flow this week. We start in Japan tomorrow, no change is expected but Kuroda’s speech will be closely watched and he’s never one to shy away from a surprise. Wednesday see’s the FOMC meeting conclusion, again nothing major to be expected but the host of Fed speak this week will likely be a large indicator of a rate rise this summer. Wednesday will also see the UK chancellor George Osborne delivers his budget as well as UK employment data for January. On Thursday we stay on home soil with the BoE decision.

Back to the FTSE 100, copper prices help lift miners, Anglo shares given a ‘Brucie bonus’ after announcing a CEO pay cut on top, the shares finishing second to only Aberdeen on the day. Overall sentiment was lifted by glimmers of more positive data out from China and assurance that the failed Chinese circuit breaker mechanism will not be making a comeback anytime soon. Gains for miners although were pared back after oil struggled at the start of the week, down over 3% at the time of writing.

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