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European markets higher ahead of US jobs data
Financial Times – 5 Dec
http://www.ft.com/fastft/246551/european-markets-higher-ahead-of-us-jobs-data
London open: UK stocks tread water ahead of BoE, ECB policy meetings
Sharecast – 4 Dec
http://www.sharecast.com/news/london-open-uk-stocks-tread-water-ahead-of-boe-ecb-policy-meetings/22286733.html
Can TUI Travel make new high?
Interactive Investor – 4 Dec
http://www.iii.co.uk/articles/210032/can-tui-travel-make-new-high
TUI Travel Beats Guidance, Raises Dividend
Dow Jones Newswires – 4 Dec
It’s a positive set of FY14 results from TUI Travel (TT.LN), with 11% growth in underlying profits beating the company’s recently upwardly revised guidance of +9.0%. TT said it would pay an interim dividend of 20.5p/share on completion of the merger with German parent TUI AG, taking the total for the year to 24.5p compared with 13.5p last year. “After a strong rebound (35%) from October lows some may elect to take profits, but the more adventurous may hold out for the TUI Travel/TUI AG merger and see where the new combined entity takes them,” according to Mike van Dulken at Accendo Markets.
UK Index Poised for Modest Gains as Central Banks Awaited
Dow Jones Newswires – 4 Dec
Mike van Dulken, Head of Research at Accendo Markets, commented to clients: ” UK 100 Index called to open up 10 points at 6735, with momentum having cooled as suggested yesterday ahead of the ECB Policy update this afternoon (prep for QE? Expectations are highs) and the U.S. Jobs report on Friday. It was healthy to see that 6700 wasn’t revisited with support emerging around 6710/20. However, there is still a risk of markets being disappointed by ECB inaction/delay today. Watch levels: Bullish 6780 and Bearish 6690. The main events today will be policy updates from the BoE and ECB and while no changes are expected, there will be much focus on ECB President Draghi’s press conference as it may – many hope – include stronger hints/commitment for further stimulus (QE) in 2015 to combat deflationary/recessionary risk. If not, markets may be disappointed. As for the BoE, we’ll have to wait for MPC minutes later in the month to find out today’s updated voting split on a rate rise.”
Dragon Oil drops £492 million takeover bid for rival Petroceltic
Independent – 1 Dec
http://www.independent.co.uk/news/business/news/dragon-oil-drops-492-million-takeover-bid-for-rival-petroceltic-9895377.html
Petroceltic crashes by third as £500m Dragon Oil takeover is scrapped
Evening Standard – 1 Dec
http://www.standard.co.uk/business/business-news/petroceltic-crashes-by-third-as-500m-dragon-oil-takeover-is-scrapped-9895246.html
UK Index hits one-week low as commodity shares slump
Reuters – 1 Dec
http://uk.reuters.com/article/2014/12/01/uk-markets-stocks-UK Index -idUKKCN0JF1PA20141201
UK Index shares fall in early trade
AFP/Yahoo – 1 Dec
https://uk.news.yahoo.com/UK Index -shares-fall-early-trade-092946720.html#iyzzstg
La Bourse de Londres ouvre en nette baisse (-0,75%), plombée par les matières premières
Les Echos – 1 Dec
http://www.lesechos.fr/finance-marches/marches-financiers/afp-00615842-la-bourse-de-londres-ouvre-en-nette-baisse-075-plombee-par-les-matieres-premieres-1069961.php
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research
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