14 Oct

Reuters

• “An increase in PPI and the highest CPI reading for the Chinese economy in five years has seemingly offset the negative export data reported in the early hours of Thursday morning and is helping the UK Index regain a foothold above 7,000,” said Henry Croft, analyst at Accendo Markets. “Bulls will be hoping once again that the 7,000 mark holds.”
• http://uk.reuters.com/article/britain-stocks-idUKL8N1CK1B4

13 Oct

Nasdaq

• The negative trading sentiment follows “a sharp decline in Chinese exports and a falling oil price weighing heavily on the energy sector. The release of US Fed FOMC minutes will only have served to further cement expectations of a rate hike in December,” Henry Croft, a market analyst at Accendo Markets said.
• http://www.nasdaq.com/article/european-stocks-decline-as-traders-weigh-up-chances-of-us-rate-hike-cm692672

12 Oct

Express

• Mike van Dulken, head of research at Accendo Markets, said: It’s been a while since easyJet was top of the UK Index leader board. At least a week. Today’s gains come thanks to a welcome hat-trick of; 1) the pound regaining some poise versus the euro; 2) another successful €500m 7 year bond sale, and; 3) bargain hunters jumping on-board the current 8% bounce from an 850p level last traded in Jan 2013.
• https://www.theguardian.com/business/marketforceslive/2016/oct/12/UK Index -100-falters-as-pound-rises-but-easyjet-leads-airlines-higher

This is Money

• Henry Croft, analyst at Accendo Markets, said: ‘Admittedly the job cuts do not come at a good time, already seeing discontent from general public with the U-turn from Chancellor Hammond regarding the sale of government’s 9 per cent stake in the bank on Friday.
  ‘However its imperative that cost cutting does take place.’
• http://www.thisismoney.co.uk/money/markets/article-3834544/Lloyds-Banking-Group-cuts-1-200-12-000-jobs-aims-shed-end-2017.html

11 Oct

Express

• Van Dulken also drew attention across the Atlantic: “Making matters worse is a rampaging USD Index, close to regaining late July highs on receding fears about a Trump triumph as Republicans shun their nominee and market implied odds of a December Fed rate hike having risen to 75%. Last week’s lows of 1.18 in the midst of a thin volume fuelled flash crash nonetheless mean we have a new marker in the sand.” “This offers potential for any serious Brexit jitters (or indeed continued USD strength) to send Cable back there again.”
• http://www.livecharts.co.uk/share_prices/Sterling-pounded–what-do-the-experts-say–news25068128.html

10 Oct

Express

• “We’re coming up to the earnings results for Q3 for most of the major banks in the UK…and that’s going to cover the large part of the post-referendum period, so it’s really going to be the first indication that we get as to the health of the banks in terms of earnings,” Henry Croft, research analyst at Accendo Markets, said
• http://uk.reuters.com/article/uk-britain-stocks-idUKKCN12A0W8?il=0