Look ahead: US trade; consumer morale; Baker Hughes; Berkeley

The Baker Hughes oil rig count comes as the IEA raised its demand growth forecast and lowered its supply projection. UK housebuilder Berkeley has a trading update.

(AI Video Summary)

Important US economic reports coming up

In this video, Angeline Ong gives a sneak peek into what we can expect from the market on Friday, 15 March. She explains that there are some important economic reports coming up in the US, like import and export prices, industrial production, and the Michigan consumer sentiment. Basically, these reports will give us an idea of how well the economy is doing.

Dow Jones updates

Ong then talks about the Dow Jones, which is the name for a group of 30 big American companies. She says that there might be a small reaction in the stock market because of a triangle formation and a potential breakout point. She also mentions that the value of the US dollar went up for a little while but has since calmed down.

Updates on oil

Now, Ong brings up something called the Baker Hughes oil recount. This is important because it helps us figure out how much oil is available. She tells us that the price of US crude oil has been going up lately, and the International Energy Agency is predicting that there will be more demand for oil in the future.

Berkeley Group concerned about tough housing market

Finally, Ong talks about a company in the UK called Berkeley Group. They make homes by turning old industrial areas into living spaces. She tells us that the housing market in the UK is going through some tough times, and Berkeley Group is worried about it. They're not the only ones - other companies that build homes are concerned too.