Household Goods & DIY equity research

Explore the most viewed and latest equity research and media content for companies within the Household Goods & DIY sector.

Stocks in this sector include those who specialise in: decoration, furnishing, durable & non-durable home products, and DIY.

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Breakfast Today

  • 19 Jan 17

One day ahead of Donald Trump's inauguration, today's market focus is likely to fall on the European Central Bank which is due to hold its first policy meeting of 2017, with formal release of its interest rate decision due at 12:45hrs GMT. Not that anyone is expecting the benchmark to be moved, but they do look for hints from the President, Mario Draghi, regarding a possible target date for tapering of the QE programme to start and, perhaps, his acceptance that inflationary pressures are now finally creeping back into the system. Other than reminding investors that she would 'take action' should Trump's expansionary fiscal policies threaten some form of pricing shock Fed Chair, Janet Yellen, said little new in her speech yesterday. The US accordingly ended fractionally mixed, with the Dow Jones suffering from mild profit taking on the likes of Goldman Sachs and United Health. Asia was slightly more active although it closed similarly mixed with the Nikkei, as usual, pivoting on Yen:US$ sentiment to end up almost 1%, led by financials, as the Dollar gained on belief that the first of the Fed's proposed rate hikes cannot be far away given that near full employment has been achieved and inflation is now close to target; elsewhere, Chinese equities closed down, despite the central bank having already injected a record 1.04tr RMB liquidity into the market this week, while the ASX trod water. London traders will be keen to review the latest RICs Housing Price Balance data - a key indicator of consumer confidence - that suggests slowing demand in December with quarterly expectations falling to +24% against +29% in reported November, breaking a four-month rising trend. Given the focus on tomorrow's appointment of its 45th President, macro data from the US, which includes Housing Starts, Jobless Claims and the Pliladelphia Fed Manufacturing Survey, is unlikely to capture the market's attention. This leaves just soundbites form the World Economic Forum in Davos, where Theresa may is due to speak today, to potentially steal the headlines. UK corporates due to release earnings or trading updates today include British Land (BLND.L), CyanConnode (CYAN.L), Finsbury Foods (FIF.L), Halfords (HFD.L), Pets at Home (PETS.L), Royal Mail (RMG.L) and Van Elle (VANL.L). London equities are expected to have a rather lacklustre start, with the FTSE-100 seen rising around 5 points during opening trade, although US majors like IBM and American Express that are due to report this afternoon could potentially generate a flurry of additional activity.