This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
European equities are higher by around 1%, having broken north to extend their rebounds, amid a continued easing of concerns related to tariffs, trade wars and Italy’s ultimate ruling coalition. This has ushered share prices further from Friday’s tariff worry-fuelled lows to maintain optimism in a recovery towards late-Feb highs, if not higher.
The UK 100 is higher thanks to positive contributions from RDSb/BP (weaker USD, higher oil price), BHP/RIO/AAL (weaker USD, higher metal prices), SKG (takeover approach), GSK/SHP (drug news late yesterday) and HSBC/TSCO/AZN (rebound), while the likes of JE (poor guidance, investing more) and AHT (failed to lift guidance) offer only minimal drag.
The UK Index 100 has made a bullish break above 7160. The DAX 30 has found resistance at 12275. Dow Jones Futures have broken above 24850. Gold is testing falling highs resistance at $1325.
Click below to expand sections for more detailed analysis
The UK Index 100 has made a bullish break above 7160.
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
The DAX 30 has found resistance at 12275
Watch levels: Bullish 12,275; Bearish 12,200
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Dow Jones Futures have broken above 24850.
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
Gold is testing falling highs resistance at $1325.
Solid Green line
Possible support
Solid Red line
Possible resistance
Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.
Click here for help with Support & Resistance Click here for help with technicals
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