City of London will be hosting its annual Wealth Management awards next month.

We hope your experience with Accendo Markets over the past 12 months warrants a vote in the following category;  “BEST EXECUTION ONLY CFD PROVIDER”

VOTE NOW

——————————————————————————-

Markets Overview: (Source: Bloomberg, FT, Reuters, DJ Newswires)

UK 100 called to open 25 to 30 points higher as we look to take a lead from US and Asian markets. Uk’s flagship index managed to stretch to five and a half year gains yesterday despite Aviva taking a hammering after announcing a cut in its dividend. Shares closed down 12.5% at 314.8p. The Bank of England yesterday rejected calls for more quantitative easing but the markets showed no signs of retreating.

In the US, positive economic data (fall in claims for unemployment) helped pushed the Dow Jones to new record highs once again, rising 33 points at 14,329 whilst the Nasdaq added 10 points to close at 3,232. Asian markets rallied strongly, with the Hang Seng closing up 376 points at 23,148 whilst the Nikkei was recently up 315 points at 12,283. Chinese trade balance and export figures came in better than expected although imports numbers disappointed slightly.

Set your alarm clocks for 11:00 and 13:30 – German Industrial Production and US Non-farm Payrolls to be delivered. These data releases could significantly influence values across all asset classes.

UK 100 making new 5 year highs as I type – 6,477. This comes as the Nikkei 225 hit new pre-crash highs, Chinese exports surged in February and Fed stress tests results revealed 17 of 18 financial institutions could withstand a deep recession.

In FX, the US Dollar strengthened once again against both the GBP and EUR (thanks to positive US economic data). GBP vs USD currently below 1.50 at 1.498, trading near three month lows. GBP vs EUR also heading towards three month lows at 1.145.

In commodities, US and Brent Crude continued their sideways trend, trading at $91.9 and $111 respectively. With the Dollar (and equity markets) strengthening, it’s no surprise Gold is flat once again, currently trading $1579.

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – all part of the service.

Overnight Macro Data: (Source: Reuters/DJ Newswires)

• CHINA              Trade Balance                         BETTER
• CHINA              Exports                                    BETTER
• CHINA              Imports                                    WORSE

See Live Macro calendar for all details

UK Company Headlines: (Source: Reuters/DJ Newswires)

• Sheilas’ Wheels owner esure offers shares at 240-310p per share
• Vodafone wins New Zealand police comms deal
• SThree says gross profit was £45.5 mln for quarter ended 24 Feb
• Valiant Petroleum signed farm-out agreement for Isabella project
• Fastjet agrees 15.7 mln stg convertible securities deal
• Photo-Me sees results in line with market view
• Advanced Computer Software buys CSH for 110 mln stg
• Marshalls profit slides
• Headlam year profit up 3.2 pct
• Exillon Energy says FY earnings up 136 pct