Those with any serious Interest in the stock market and investing will be aware of GameStop Corp (NYSE:GME).
A couple of years ago, the US videogame and merchandise retailer became the centre of a retailer investor “rebellion” against short-selling hedge funds through organised buying via the Reddit platform.
Alas from the point of view of its own trading performance, the hedge funds might yet prove to be correct something that today’s update might underline.
Halifax also releases its latest UK housing index update.
Major announcements
Trading updates: LXi REIT PLC (LSE:LXI), Industria de Diseno Textil SA
US earnings: GameStop Corporation
Interims: Ramsdens Holdings PLC (AIM:RFX), Residential Secure Income REIT PLC (AIM:SIR)
Finals: DiscoverIE Group PLC, Evgen Pharma PLC (AIM:EVG), Vp PLC
AGMs: City Pub Group PLC (AIM:CPC), Gem Diamonds Ltd, Gulf Marine Services PLC (AIM:GMS), Pennant International Group, Third Point Investors Ltd, United Oil & Gas PLC (AIM:UOG)
Economic announcements: Halifax House Price Index (UK), MBA Mortgage Applications (US), Balance of Trade (US), Crude Oil Inventories (US), Consumer Credit (US)