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Daily Bulletin - 25 August

After the slight positivity in the US equity markets yesterday the call here is for the index to open flat to just a little higher. Traders continue to discuss whether this week's nervousness is the beginning of the end of the bear market rally from the summer lows or merely just another buying opportunity.

President Macron has stated there will be tough months ahead as "freedom comes with a cost". This is in the face of further energy price hikes as the government is set to decide in coming weeks if it can afford to extend the energy price caps.

The UK CMA announces it will unwind the Veolia/Suez merger in the UK. It stated that waste management firm Veolia must sell three businesses after substantial competitions problems were identified and it will need to approve the purchasers of each business before the completion of each sale.

The ECB's Christine Lagarde states in an interview that "we can no longer rely exclusively on the projections provided by our models, they have repeatedly had to be revised upwards over the past two years".

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