This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Global equity rally gains momentum
AFP/Business Post – 16 Oct
http://www.businesstimes.com.sg/stocks/global-equity-rally-gains-momentum
Shares rise on hopes for US interest rate hike delay
Proactive Investors – 16 Oct
http://www.proactiveinvestors.co.uk/companies/market_reports/116291/shares-rise-on-hopes-for-us-interest-rate-hike-delay-116291.html
Risk-on, but for how long?
Proactive Investors – 16 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23382/risk-on-but-for-how-long-23382.html
UK Index LIVE: Footsie off to solid start, lead by strong gains on Wall Street and Asia overnight
This is Money – 16 Oct
http://www.thisismoney.co.uk/money/markets/article-3275410/UK Index -LIVE-Footsie-strong-start-lead-strong-gains-Wall-Street-Asia-overnight.html
La Bourse de Londres progresse avec le secteur pétrolier
Le Point/AFP – 16 Oct
http://www.lepoint.fr/bourse/la-bourse-de-londres-progresse-avec-le-secteur-petrolier-16-10-2015-1974140_81.php
Markets rally as investors see no early US rate hike – business live
Guardian – 16 Oct
http://www.theguardian.com/business/live/2015/oct/16/markets-rally-us-rate-hike-volkswagen-sales-business-live
Burberry slumps as Chinese cut back on luxury shopping
CNN Money – 15 Oct
http://money.cnn.com/2015/10/15/investing/burberry-sales-china-slump/index.html
Burberry Sales Slammed In Q3 By Weakening China Market
Business Pundit – 15 Oct
http://www.businesspundit.com/burberry-sales-slammed-in-q3-by-weakening-china-market/
Le pétrole recule, sous pression avant les stocks américains
Romandie – 15 Oct
http://www.romandie.com/news/Le-petrole-recule-sous-pression-avant-les-stocks-americains/639300.rom
Burberry crashes amid China-led downgrades
Interactive Investor – 15 Oct
http://www.iii.co.uk/articles/272165/burberry-crashes-amid-china-led-downgrades
DJ UK Market Talk Roundup: Shares Losing
Dow Jones – 15 Oct
Shares of Burberry fall further as “investors check out” following a weak first half report that missed consensus,” says Mike van Dulken, head of research at Accendo Markets. The “legendary Chinese consumer” seems to be spending less on their much loved luxury goods at home, “even if they continue to ring up the tills in Japan and Europe thanks to currency benefits,” he says. Even U.S. demand is proving far from uniform, he says. The shares are “trading below even the most bearish broker target of 1300p, suggesting analyst models at both ends of the spectrum likely require come considerable updating,” he says.
Burberry facing analyst downgrades after warning on China slowdown
News.Markets – 15 Oct
http://news.markets/shares/burberry-facing-analyst-downgrades-after-warning-on-china-slowdown-16992/
Burberry shares dive after China troubles hit sales
CityWire – 15 Oct
http://citywire.co.uk/money/burberry-shares-dive-after-china-troubles-hit-sales/a851214
Wal-Mart shocks markets with profit warning
Proactive Investors – 15 Oct
http://www.proactiveinvestors.co.uk/companies/news/116235/wal-mart-shocks-markets-with-profit-warning-116235.html
La Bourse de Londres rebondit malgré une chute de Burberry
Le Point/AFP – 15 Oct
http://www.lepoint.fr/bourse/la-bourse-de-londres-rebondit-malgre-une-chute-de-burberry-15-10-2015-1973733_81.php
UK Index holding on, Gold flying; Banks
Proactive Investors – 15 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23368/UK Index -holding-on-gold-flying-banks-23368.html
Market Report: Investors cheer as Al Noor health care battle hots up
Telegraph – 14 Oct
http://www.telegraph.co.uk/finance/markets/marketreport/11932097/Market-Report-Investors-cheer-as-Al-Noor-health-care-battle-hots-up.html
London close: Stocks drop as market weighs US retail sales, China inflation, UK jobs
Digital Look – 14 Oct
http://www.digitallook.com/news/market-report-close/london-close-stocks-drop-as-market-weighs-us-retail-sales-china-inflation-uk-jobs–894997.html
Fresh China woes knock world markets
AFP – 14 Oct
https://uk.news.yahoo.com/fresh-china-woes-knock-world-115350278.html#Bv2AMXr
Hargreaves Lansdown shares surge on record inflows
CityWire – 14 Oct
http://citywire.co.uk/money/hargreaves-lansdown-shares-surge-on-record-inflows/a848951
Stocks: 5 things to know before the open
CNN Money – 14 Oct
http://money.cnn.com/2015/10/14/investing/premarket-stocks-trading/index.html
Deflationary fears are the only thing inflating
Proactive Investors – 14 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23363/deflationary-fears-are-the-only-thing-inflating-23363.html
Chinese deflation fears hit markets – business live
Guardian – 14 Oct
http://www.theguardian.com/business/live/2015/oct/14/chinese-deflation-fears-markets-uk-unemployment-live
La Bourse de Londres baisse de 1,07% en début de séance à cause de la Chine
Le Point/AFP – 14 Oct
http://www.lepoint.fr/bourse/la-bourse-de-londres-baisse-de-1-07-en-debut-de-seance-a-cause-de-la-chine-14-10-2015-1973375_81.php
Barclays is giving a ‘conflicting message’ with its new CEO and investors aren’t happy
Business Insider – 13 Oct
http://uk.businessinsider.com/barclays-conflicting-message-with-its-new-alleged-ceo-james-jes-staley-and-its-killing-the-stock-2015-10
Worldpay IPO: £4.8bn valuation leads to biggest London floatation of 2015
Int. Bus. Times – 13 Oct
http://www.ibtimes.co.uk/worldpay-ipo-4-8bn-valuation-leads-biggest-london-floatation-2015-1523757
Asia: Chinese slowdown drags most stocks lower
Digital Look – 13 Oct
http://www.digitallook.com/news/market-report-asia/asia-chinese-slowdown-drags-most-stocks-lower–892827.html
Barclays picks ex-US investment banker as new boss – reports
Proactive Investors – 13 Oct
http://www.proactiveinvestors.co.uk/companies/news/116157/barclays-picks-ex-us-investment-banker-as-new-boss-reports-116157.html
European stocks veer toward lowest close in almost two weeks
Marketwatch – 13 Oct
http://www.marketwatch.com/story/european-stocks-veer-toward-lowest-close-in-almost-two-weeks-2015-10-13
China exports more bad news; Oil backflow
Proactive Investors – 13 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23352/china-exports-more-bad-news-oil-backflow-23352.html
China catch-up, Mucho (Piccho) Central Bank talk
Proactive Investors – 12 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23343/china-catch-up-mucho-piccho-central-bank-talk-23343.html
European stocks open steady
AFP/Telegraph – 12 Oct
http://www.dailytelegraph.com.au/business/breaking-news/european-stocks-open-steady/story-fnn9c0gv-1227566536326
http://www.theaustralian.com.au/business/latest/european-stocks-open-steady/story-e6frg90f-1227566536326
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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