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DJ UK Index Lower; U.S. Jobs Data in Focus
Dow Jones – 7 Aug
U.K. stocks lost ground Friday, with some caution setting in ahead of a highly anticipated jobs report from the U.S., but the benchmark UK 100 was still headed for a weekly gain. The UK 100 fell, with consumer goods and services and industrial shares moving lower. The easing overall on Friday “comes as markets prepare cautiously for a solid U.S. nonfarm-payrolls figure, which could cement prospects of the U.S. [Federal Reserve] moving to raise rates from historic lows next month,” said Mike van Dulken at Accendo Markets. The U.S. is expected to show 220,000 new nonfarm jobs in July.
Futures are a bit lower ahead of the jobs report
Business Insider – 7 Aug
http://www.businessinsider.com.au/market-update-jobs-day-august-7-2015-8
UK Index dips with ITV falling 4% but mining shares providing support
Guardian – 7 Aug
http://www.theguardian.com/business/marketforceslive/2015/aug/07/UK Index -dips-with-itv-falling-4-but-mining-shares-providing-support
La Bourse de Londres baisse un peu en début de séance, avant l’emploi américain
Le Point / AFP
http://www.lepoint.fr/bourse/la-bourse-de-londres-baisse-un-peu-en-debut-de-seance-avant-l-emploi-americain-07-08-2015-1955362_81.php
London stocks slip, but still look set for a weekly advance
Marketwatch – 7 Aug
http://www.marketwatch.com/story/london-stocks-slip-but-on-track-for-weekly-advance-2015-08-07
Not just any old Friday
Proactive Investors – 7 Aug
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22721/not-just-any-old-friday-22721.html
Central Bank Communication Changes – A Welcome Sign of the Times
Equities.com – 6 Aug
http://www.equities.com/editors-desk/international-investing/europe/central-bank-communication-changes-a-welcome-sign-of-the-times
UK Index LIVE: Footsie stays weak ahead of Bank of England ‘Super Thursday’ deluge, Friday’s US jobs report
This is Money – 6 Aug
http://www.thisismoney.co.uk/money/markets/article-3186716/UK Index -LIVE-Footsie-weak-open-traders-brace-Super-Thursday.html
A weak Super Thursday ahead of an uncertain Non-Farms Friday
Proactive Investors – 6 Aug
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22716/a-weak-super-thursday-ahead-of-an-uncertain-non-farms-friday-22716.html
La Bourse de Londres ouvre en baisse de 0,30% avant des annonces de la BoE
Le Point/AFP – 6 Aug
http://www.lepoint.fr/bourse/la-bourse-de-londres-ouvre-en-baisse-de-0-30-avant-des-annonces-de-la-boe-06-08-2015-1955127_81.php
BT Group plc Share Price Flagged as ‘Bullish’
C-Suite – 6 Aug
http://www.thecsuite.co.uk/CEO/index.php/finance/301-bt-group-plc-shares-flagged-as-bullish-45435
Spirax the safest bet as market slows?
Interactive Investor – 5 Aug
http://www.iii.co.uk/articles/259311/spirax-safest-bet-market-slows
European stock markets rise with eyes on US, Greece
AFP – 5 Aug
https://uk.news.yahoo.com/european-stock-markets-rise-eyes-111643107.html#pU9i3o1
European stock markets rise at open
Business Recorder /AFP – 5 Aug
http://www.brecorder.com/top-news/1/250368-european-stock-markets-rise-at-open.html
China services growth unable to offset hawkish Lockhart
Proactive Investors – 5 Aug
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22708/china-services-growth-unable-to-offset-hawkish-lockhart-22708.html
UK Government Kicks Off RBS Shares Sell-Off
WBPOnline – 4 Aug
http://wbponline.com/Articles/View/51158/uk-government-kicks-off-rbs-shares-sell-off
Accendo Markets’ van Dulken backs start of RBS share sale
Stocktube – 4 Aug
http://www.stocktube.com/video/accendo-markets-van-dulken-backs-start-of-rbs-share-sale
UPDATE: Travis Perkins Hikes Dividend 20% As Profit And Revenue Rise
Alliance News / LSE – 4 Aug
http://www.lse.co.uk/AllNews.asp?code=axgqm8s8&headline=UPDATE_Travis_Perkins_Hikes_Dividend_20_As_Profit_And_Revenue_Rise
Travis Perkins Posts Strong 1H; Shares Seen “Toppy” — Market Talk
Dow Jones – 4 Aug
Shares in building supplies company Travis Perkins dip 3%, despite a 7.8% increase in 1H sales and a 20% increased dividend. “It appears that simply stating that ‘there are signs of recovery’ in the only market whose department posted a decline are not enough for shareholders this morning while traders and larger institutional investors will be viewing TPK’s current price as somewhat toppy given that the last time shares traded around this level was just before the 2008 financial crash,” Accendo Markets writes.
Commodities continue to slip ‘n’ slide; RBS bailout stake sale begins
Proactive Investors – 4 Aug
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22704/commodities-continue-to-slip-n-slide-rbs-bailout-stake-sale-begins-22704.html
La Bourse de Londres recule avec les matières premières et les résultats d’entreprises
Le Point/AFP – 4 Aug
http://www.lepoint.fr/bourse/la-bourse-de-londres-recule-avec-les-matieres-premieres-et-les-resultats-d-entreprises-04-08-2015-1954668_81.php
Government kicks off RBS share sale
CityWire – 4 Aug
http://citywire.co.uk/money/government-kicks-off-rbs-share-sale/a830757
Travis Perkins ups dividend by a fifth on confidence in building market
Telegraph – 4 Aug
http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/11781866/Travis-Perkins-ups-dividend-by-a-fifth-on-confidence-in-building-market.html
Rolls Royce: Activist investor ValueAct to push for seat on board
Independent – 4 Aug
http://www.independent.co.uk/news/business/news/rolls-royce-activist-investor-valueact-to-push-for-seat-on-board-10436429.html
Rolls-Royce shares rise amid speculation US shareholder wants speedier turnaround plans after string of profit warnings
This is Money – 3 Aug
http://www.thisismoney.co.uk/money/markets/article-3183952/Rolls-Royce-shares-rise-amid-speculation-shareholder-wants-speedier-turnaround-plans-string-profit-warnings.html
Greece debt crisis: Athens stock exchange falls 22.8% after 5-week closure
Int. Bus. Times – 3 Aug
http://www.ibtimes.co.uk/greece-debt-crisis-athens-stock-exchange-falls-22-8-after-5-week-closure-1513799
Rolls-Royce shares rise as activist stake fuels turnaround talk
Reuters – 3 Aug
http://uk.reuters.com/article/2015/08/03/uk-rollsroyce-activist-stocks-idUKKCN0Q815220150803
China data weighs on commodities; Greece to reopen
Proactive Investors – 3 Aug
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/22693/china-data-weighs-on-commodities-greece-to-reopen-22693.html
La Bourse de Londres recule de 0,11%, les minières affectées par la Chine
Le Point/AFP – 3 Aug
http://www.lepoint.fr/bourse/la-bourse-de-londres-recule-de-0-11-les-minieres-affectees-par-la-chine-03-08-2015-1954275_81.php
Hester’s role at risk as offer for RSA looks likely
CityAM – 3 Aug
http://www.cityam.com/221489/hester-s-role-risk-offer-rsa-looks-likely
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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