This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Stocks and oil calm as China markets steady
CNN Money – 8 Jan
http://money.cnn.com/2016/01/08/investing/premarket-stocks-trading/
La Bourse de Londres gagne 0,64% en début de séance, apaisement chinois
Le Point / AFP – 8 Jan
http://www.lepoint.fr/bourse/la-bourse-de-londres-gagne-0-64-en-debut-de-seance-apaisement-chinois-08-01-2016-2008074_81.php
Calm returns, but for how long?
Proactive Investors – 8 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23971/calm-returns-but-for-how-long-23971.html
Chinese stock market closes 2% higher after ‘national team’ intervenes – live
Guardian – 8 Jan
http://www.theguardian.com/business/live/2016/jan/08/asia-pacific-stock-markets-plunge-again-amid-chinese-economy-fears-live
Calm returns to markets, but some analysts ask for how long?
Digital Look – 8 Jan
http://www.digitallook.com/news/international-economic/china-state-funds-buy-shares–988477.html
M&S boss Bolland heads for exit
Interactive Investors – 7 Jan
http://www.iii.co.uk/articles/286854/ms-boss-bolland-heads-exit
DJ UK 100 Falls 1.7%, Now Below 6000 — Market Talk
Dow Jones – 7 Jan
The U.K.’s UK 100 slumps to 5968, down 1.7%, breaking below the physologally important 6000 level as the woes surrounding China’s stock market continue to be exported. The New Year correction from the 6300 level continues, says Mike van Dulken at Accendo Markets, and all eyes are now on whether the index falls as low as December’s 5870 level. This could act as a support, or the index could revisit the 5800 level last seen in August 2015.
Europe market turmoil: UK Index turns red as China panic takes hold
Int. Bus. Times – 7 Jan
http://www.ibtimes.co.uk/europe-market-turmoil-UK Index -turns-red-china-panic-takes-hold-1536555
Safe-haven demand drives Randgold Resources higher
Telegraph – 7 Jan
http://www.telegraph.co.uk/finance/markets/marketreport/12087851/Safe-haven-demand-drives-Randgold-Resources-higher.html
China scraps emergency circuit breaker as UK Index crashes below Black Monday lows
Telegraph – 7 Jan
http://www.telegraph.co.uk/finance/markets/12086208/China-stock-market-shares-plunge-UK Index -100-europe-live.html
‘Bolland bounce’ questions legacy of M&S chief
Telegraph – 7 Jan
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/12086370/Bolland-bounce-questions-legacy-of-MandS-chief.html
Markets Drop After China Suspends Trading — Live Analysis
Wall St Journal – 7 Jan
http://blogs.wsj.com/moneybeat/2016/01/07/markets-volatile-live-analysis/
Pétrole: le baril de WTI atteint de nouveaux plus bas en douze ans
Romandie /AFP – 7 Jan
http://www.romandie.com/news/Petrole-le-baril-de-WTI-atteint-de-nouveaux-plus-bas-en-douze-ans/664302.rom
Can the new boss at M&S finally manage to turnaround fashion sales? – 7 Jan
http://news.markets/shares/can-the-new-boss-at-ms-finally-manage-to-turnaround-fashion-sales-7869/
Rules can’t trigger a break in circuit of selling
Proactive Investors – 7 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23963/rules-can-t-trigger-a-break-circuit-of-selling-23963.html
The 51 best people in European finance to follow on Twitter
Business Insider – 7 Jan
http://uk.businessinsider.com/51-european-finance-people-to-follow-on-twitter-2016-1/?r=US&IR=T#6x8FDJ4K3b78ZsuS.97
Kim Wrong’Un adds to geopolitical spice
Proactive Investors – 6 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23950/kim-wrong-un-adds-to-geopolitical-spice-23950.html
Oil hits 11-year low as weak Chinese data spooks markets – business live
Guardian – 6 Jan
http://www.theguardian.com/business/live/2016/jan/06/markets-weak-chinese-data-services-eurozone-business-live
Live: North Korea announces successful hydrogen bomb test – world reaction to Kim Jong-un’s latest nuclear step
Mirror – 6 Jan
http://www.mirror.co.uk/news/world-news/live-north-korea-announces-successful-7124841
Miners drag down Britain’s UK Index on mounting China concerns
Reuters – 6 Jan
http://uk.reuters.com/article/uk-britain-stocks-idUKKBN0UK14H20160106
Argos-owner Home Retail shares soar as Sainsbury’s reveals it tried to buy it in November but had bid rejected
Read more: http://www.thisismoney.co.uk/money/markets/article-3385417/Argos-owner-Home-Retail-shares-soar-Sainsbury-s-reveals-cash-shares-bid-approach-rejected-November.html#ixzz3wRvO2puV
This is Money – 5 Jan
http://www.thisismoney.co.uk/money/markets/article-3385417/Argos-owner-Home-Retail-shares-soar-Sainsbury-s-reveals-cash-shares-bid-approach-rejected-November.html
European markets still fragile after euro inflation gloom – business live
Guardian – 5 Jan
http://www.theguardian.com/business/live/2016/jan/05/european-markets-china-rout-next-eurozone-inflation-business-live
Travel Takes Off Amid M&A Excitement — Market Talk
Travel companies perform strongly on European markets, Tuesday, with TUI up 2.4% and IAG up 1.4% on the UK 100 , and Air France-KLM rising 3.2% on the CAC 40. Accendo analyst Mike van Dulken says one of the factors buoying the sector is Swiss tourism company Kuoni’s confirmation of preliminary talks with third parties regarding potential buy-out offers. With consolidation in the air, the sector will also be helped by the continually low price of Brent crude, currently down 0.3% at $37.10 per barrel. Mr. Van Dulken also points to Hungarian low-cost Wizz Air’s releasing strong December 2015 figures, which show passenger number growth of 22%.
Next Losses A Sign Of Things To Come For M&S? — Market Talk
Dow Jones – 5 Jan
Next’s share price might make grim reading for Marks and Spencer shareholders, says Accendo research analyst Mike van Dulken. Next is the UK 100 ‘s biggest loser, dropping 5.2% on Tuesday as it releases weaker-than-expected sales figures, with sector-wide factors of online competition, warm winter weather, and poor stock availability dragging on the retailer. Next recorded a 0.5% drop in sales for Q4 2015 and its share price drop weighs that of Marks and Spencer by 1.68%. Marks and Spencer releases its figures Thursday. The note comes a day after Credit Suisse cut its target prices for both retailers, lowering Marks and Spencers by 2.6% to 440.6p
Happy New Fear: Chinese fireworks send panic through global stock markets
CityAM – 5 Jan
http://www.cityam.com/231720/happy-new-fear-chinese-fireworks-send-panic-through-global-stock-markets
UK Index steadies on relief over Chinese recovery
Citywire – 5 Jan
http://citywire.co.uk/money/UK Index -steadies-on-relief-over-chinese-recovery/a871566
UK Index outperforms Europe, Royal Mail and Tesco rise
Reuters – 5 Jan
http://uk.reuters.com/article/uk-britain-stocks-idUKKBN0UJ0UR20160105
Next’s poor performance bodes badly for Marks & Spencer
News.markets – 5 Jan
http://news.markets/shares/next-performance-bodes-badly-for-marks-spencer-7671/
European stock markets wobble after worst new year start in 16 years
Telegraph – 5 Jan
http://www.telegraph.co.uk/finance/markets/UK Index 100/12081967/European-stock-markets-wobble-after-worst-new-year-start-in-16-years.html
Chinese intervention is far from divine
Proactive Investors – 5 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23941/chinese-intervention-is-far-from-divine-23941.html
Miners descend as Chinese factory activity disappoints
Telegraph – 4 Jan
http://www.telegraph.co.uk/finance/markets/marketreport/12081379/Miners-descend-as-Chinese-factory-activity-disappoints.html
Oil prices rise after Saudi Arabia cuts ties with Iran
Yahoo/AFP – 4 Jan
https://uk.finance.yahoo.com/news/oil-prices-rise-saudi-arabia-132352818.html
Oil prices shrug off spat between Saudi Arabia and Iran
News.Markets – 4 Jan
http://news.markets/commodities/oil-prices-shrug-off-spat-between-saudi-arabia-and-iran-7585/
UK Index LIVE: Footsie slumps on first session of 2016 as commodity stocks drop on China data; UK manufacturing also weak
This is Money – 4 Jan
http://www.thisismoney.co.uk/money/markets/article-3383458/UK Index -LIVE-Footsie-ugly-start-2016-China-suspends-trading-fresh-Middle-East-tension-causes-oil-price-volatility.html
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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