This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
A more red than black Friday
Proactive Investors – 27 Nov
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23725/a-more-red-than-black-friday-23725.html
Asia: Equities end week in the red as Chinese markets plunge
Digital Look – 27 Nov
http://www.digitallook.com/news/market-report-asia/asia-equities-end-week-in-the-red-as-chinese-markets-plunge–945137.html
Chinese stock market slump rocks UK-listed trusts and miners
Telegraph – 27 Nov
http://www.telegraph.co.uk/finance/markets/UK Index 100/12020483/Chinese-stock-market-slump-rocks-UK-listed-trusts-and-miners.html
UK Index Pressured; GDP Suggests BOE Will be in No Hurry to Raise Rates
Dow Jones – 27 Nov
Augustin Eden at Accendo Markets wrote in a note: “Equity markets mixed this morning after the ugly head of a Chinese hard landing once again rose above the parapet overnight. European markets also suffering from a raft of poor macro data including German import prices….French consumer spending….U.K. consumer confidence and Nationwide house price growth – all disappointing. Middle-East related geopolitics is not seen to be supportive of oil prices any longer, especially in the face of a perceived falloff in energy demand from China, while the commodities sphere in general is back under pressure as the Yuan and Euro succumb to a strong USD. Note ‘bargain’ copper holding on to this week’s gains though. UK Index has some work to do to maintain this week’s accelerated uptrend while 2-week rising lows should hold into today’s close.”
London open: Stocks decline on commodities slump
Digital Look – 27 Nov
http://www.digitallook.com/cgi-bin/dlmedia/news.cgi?username=&ac=&view=full&story=23646163
London stocks jolted lower by China market rout
Marketwatch – 27 Nov
http://www.marketwatch.com/story/london-stocks-jolted-lower-by-china-market-rout-2015-11-27
UK Index LIVE: Footsie takes early slip into the red after China shares close down 5%
This is Money – 27 Nov
http://www.thisismoney.co.uk/money/markets/article-3336003/UK Index -LIVE-Footsie-takes-early-slip-red-China-shares-close-5.html
Copper and mining stocks rally as China takes action on prices
News.markets – 26 Nov
http://news.markets/commodities/copper-and-mining-stocks-rally-as-china-takes-action-on-prices-5629/
UK Index Edges Higher; Barclays Hit with Record Fine
Dow Jones – 26 Nov
Michael van Dulken from Accendo wrote: “While geopolitical concerns simmer (Brussels in lockdown, Turkey-Russia still trading accusations, U.S. accusing Syria of buying oil from ISIS) investor sentiment is buoyed by hopes of ECB stimulus next week ahead of a potential Fed rate rise mid-month. In focus today, amid a quiet U.S. holiday session, we have Spanish final Q3 GDP seen confirmed at a nice clip, although German GFK Consumer Confidence is seen unchanged. Thereafter, with an absence of U.S. data, we have ECB chat from Linde and then Japanese inflation very late.”
No holiday for market resilience
Proactive Investors – 26 Nov
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23716/no-holiday-for-market-resilience-23716.html
Thomas Cook swings into £50m profit for the first time since 2010 despite global terror threats
Int. Bus. Times – 25 Nov
http://www.ibtimes.co.uk/thomas-cook-swings-into-50m-profit-first-time-since-2010-despite-global-terror-threats-1530378
European equities rebound
Business Recorder – 25 Nov
http://www.brecorder.com/markets/equity/europe/263744-european-equities-rebound.html
Thomas Cook posts first pretax profit for five years
News.markets – 25 Nov
http://news.markets/shares/thomas-cook-posts-first-pretax-profit-for-five-years-5483/
Housebuilding stocks rally on George Osborne’s plans to double housing budget
Telegraph – 25 Nov
http://www.telegraph.co.uk/finance/markets/UK Index 100/12015798/george-osborne-autumn-statement-lifts-housebuilder-stocks.html
Turkey set for a roasting?
Proactive Investors – 25 Nov
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23704/turkey-set-for-a-roasting-23704.html
Thomas Cook shares soar after travel firm posts first profit in 5 years despite ongoing terrorism fears
This is Money – 25 Nov
http://www.thisismoney.co.uk/money/markets/article-3333211/Thomas-Cook-shares-soar-travel-firm-posts-profit-5-years-despite-ongoing-terrorism-fears.html
Investors seeking safety after Vladimir Putin’s strong remarks on downed Russian jet
CityAM – 25 Nov
http://www.cityam.com/229473/investors-seeking-safety-after-vladimir-putins-strong-remarks-on-downed-russian-jet
UK Index LIVE: Footsie weak as US stocks fall on security fears amid reports Turkey downed a Russian military jet
This is Money – 24 Nov
http://www.thisismoney.co.uk/money/markets/article-3331593/UK Index -LIVE-Footsie-weak-dull-showings-Asian-stocks-Kingfisher-lower-update.html
Wall Street set for muted open after Turkey shoots down jet
Marketwatch – 24 Nov
http://www.marketwatch.com/story/wall-street-set-for-muted-open-after-turkey-shoots-down-jet-2015-11-24
Stocks: Six things to know before the open
CNN Money – 24 Nov
http://money.cnn.com/2015/11/24/investing/premarket-stocks-trading-tuesday/
Les matières premières et le pétrole pénalisés par la hausse du dollar
Le Figaro – 24 Nov
http://bourse.lefigaro.fr/devises-matieres-premieres/actu-conseils/les-matieres-premieres-et-le-petrole-penalises-par-la-hausse-du-dollar-4892960
Material declines leave equity gains raw
Proactive Investors – 24 Nov
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23696/material-declines-leave-equity-gains-raw-23696.html
US oil tumbles more than two per cent as oversupply fears deepen while copper hits fresh 6.5yr low
CityAM – 23 Nov
http://www.cityam.com/229313/us-oil-tumbles-more-than-two-per-cent-as-oversupply-fears-deepen
3 Britain Stocks Are Hot
Wall Street Point – 23 Nov
http://www.wallstreetpoint.com/3-britain-stocks-are-hot-liberty-global-plc-pentair-plc-ordinary-sharenysepnr-cnh-industrial-nv-nysecnhi-rio-tinto-plc-adr-nyserio-20/7227824/
Asia: Australian shares rally despite commodities concerns
Digital Look – 23 Nov
http://www.digitallook.com/news/market-report-asia/asia-australian-shares-rally-despite-commodities-concerns–938981.html
Mining stocks fall as copper hits lowest level since 2009
Telegraph – 23 Nov
http://www.telegraph.co.uk/finance/markets/UK Index 100/12011534/Mining-stocks-fall-as-copper-hits-lowest-level-since-2009.html
Gold prices drop as dollar’s strength weighs on metals
Marketwatch – 23 Nov
http://www.marketwatch.com/story/gold-prices-drop-as-dollars-strength-weighs-on-metals-2015-11-23
LONDON MARKET OPEN: Commodity Price Rout Sees London Trade Lower
Alliance News / LSE – 23 Nov
http://www.lse.co.uk/AllNews.asp?code=e2arzt5z&headline=LONDON_MARKET_OPEN_Commodity_Price_Rout_Sees_London_Trade_Lower
No copper bottom for equity rally
Proactive Investors – 23 Nov
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23682/no-copper-bottom-for-equity-rally-23682.html
La Bourse de Londres recule avec les minières et pétrolières (-0,77%)
AFP / Romandie – 23 Nov
http://www.romandie.com/news/La-Bourse-de-Londres-recule-avec-les-minieres-et-petrolieres-077/651518.rom
UK Index Faces Opening Losses as Oil Back Under Pressure
Dow Jones – 23 Nov
Mike van Dulken & Augustin Eden at Accendo Markets commented to clients this morning: ” UK 100 Index called to open -50 points at 6285 having broken back below the intersecting trendline since 3 Nov lows and the neckline of a bearish double-top reversal that could complete at 6250. While still in an uptrend from August lows, the correction from last week’s highs continues after resistance at the 100-day MA following a strong 6.1% rally. Watch levels: Bullish 6315, Bearish 6275. The negative opening call comes as the commodity rout continues (copper has gapped down), sending metals and oil lower as the dollar creeps north on expectations of €-weakening ECB stimulus next week and a U.S. rate rise mid-month. After the Parisian atrocities, note Brussels in lockdown for a third day on fears of an imminent attack while French President Hollande tries to rally a coalition to tackle ISIS and PM Cameron pledges £12bn extra military spending as part of his commitment to fight terrorism.”
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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