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Global stock markets rebound on upbeat speech from Fed boss Janet Yellen as analysts pencil in Christmas rate rise
This is Money – 25 Sept
http://www.thisismoney.co.uk/money/markets/article-3248751/Global-stock-markets-rebound-upbeat-speech-Fed-boss-Janet-Yellen-analysts-pencil-Christmas-rate-rise.html
London’s UK 100 soars on hopes of higher US interest rates
Standard – 25 Sept
http://www.standard.co.uk/business/londons-UK Index -100-soars-on-hopes-of-higher-us-interest-rates-a2955602.html
AFP – 25 Sept
http://www.afp.com/en/news/european-stocks-motor-ahead-open
Int. Bus. Times – 25 Sept
http://www.ibtimes.com/european-shares-us-stock-futures-rise-while-asian-stocks-fall-after-yellens-speech-2113720
La Bourse de Londres gagne 1,95% grâce à la Fed
AFP /Le Point – 25 Sept
http://www.lepoint.fr/bourse/la-bourse-de-londres-gagne-1-95-grace-a-la-fed-25-09-2015-1967948_81.php
Morning Moneybeat Europe: Europe Rebounds as Hawkish Yellen Cheers Bulls
Wall Street Journal – 25 Sept
http://blogs.wsj.com/moneybeat/2015/09/25/morning-moneybeat-europe-europe-rebounds-as-hawkish-yellen-cheers-bulls/
Proactive Investors – 25 Sept
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23207/risk-on-friday-that-makes-for-a-change-23207.html
BMW share price falls amid reports that its X3 xDrive model’s emissions exceeded EU limit
CityAM – 25 Sept
http://www.cityam.com/225053/bmw-share-price-falls-amid-reports-its-emissions-exceeded-eu-limit
VW emissions crisis: Owners call lawyers as scandal reached Europe – live
Guardian – 24 Sept
http://www.theguardian.com/business/live/2015/sep/24/volkswagen-scandal-vw-germany-counts-cost-of-crisis-after-ceo-quits-live-updates
Bourse: BMW chute à cause d’une polémique sur ses diesels, Volkswagen ralentit sa hausse
AFP /Le Point – 24 Sept
http://www.lepoint.fr/automobile/actualites/bourse-bmw-chute-a-cause-d-une-polemique-sur-ses-diesels-volkswagen-ralentit-sa-hausse-24-09-2015-1967678_683.php
BMW shares slip on report of high emission levels
CNBC – 24 Sept
http://www.cnbc.com/2015/09/24/bmw-shares-slip-on-report-of-high-emission-levels.html
BMW shares plunge on report it broke pollution limit
CNN Money – 24 Sept
http://money.cnn.com/2015/09/24/investing/bmw-diesel-emissions-shares/
Tough return from holiday for Japan
Proactive Investors – 24 Sept
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23195/tough-return-from-holiday-for-japan-23195.html
London midday: Stocks rebound despite disappointing PMIs
Digital Look – 23 Sept
http://www.digitallook.com/news/market-report-midday/london-midday-stocks-rebound-despite-disappointing-pmis–872247.html
European stocks move higher after eurozone PMI data
Marketwatch – 23 Sept
http://www.marketwatch.com/story/european-stocks-move-higher-after-eurozone-pmi-data-2015-09-23
Europe open: Stocks shrug off early losses to trade flat as investors digest China data
Digital Look – 23 Sept
http://www.digitallook.com/news/market-report-europe/europe-open-stocks-shrug-off-early-losses-to-trade-flat-as-investors-digest-china-data–871997.html
UK Index Called Flat Despite More Disappointing China Data
Dow Jones – 23 Sept
” UK 100 Index called to open flat at 5935 having recovered from a probe below 5900 overnight which itself followed a sharp break below September lows 5985 yesterday. While still above Aug 24 and 2015 lows of 5770 the uptrend and rising lows from Aug 25 are now off the table. The drop also maintains the downtrend from April which accelerated in August. Support around Aug 25 lows 5890 is helping deliver a semblance of a bounce. More possible, or full retrace to 5770 for a genuine double-bottom rebound? watch levels: Bullish 6005, Bearish 5870. The flat opening call comes despite China’s unofficial Caixin PMI Manufacturing for September falling to a 6.5yr low of 47.0 and thus remaining safely in contraction territory.”
China PMI Manuf adds to gloomy outlook
Proactive Investors – 23 Sept
http://www.proactiveinvestors.co.uk/columns/fuller-treacy-money/23181/china-pmi-manuf-adds-to-gloomy-outlook-23181.html
La Bourse de Londres rebondit après un mauvais indicateur chinois (+0,37%)
Le Point/AFP – 23 Sept
http://www.lepoint.fr/bourse/la-bourse-de-londres-rebondit-apres-un-mauvais-indicateur-chinois-0-37-23-09-2015-1967221_81.php
China’s economic malaise drag Glencore shares below £1
Telegraph – 22 Sept
http://www.telegraph.co.uk/finance/markets/marketreport/11883800/Chinas-economic-malaise-drag-Glencore-shares-below-1.html
UK 100 hits three-week low
Proactive Investors – 22 Sept
http://www.proactiveinvestors.co.uk/companies/market_reports/111022/UK Index -100-hits-three-week-low-111022.html
Asia: Equities edge higher but emerging market currencies feel the pressure
Yahoo/Digital Look/Sharecast – 22 Sept
https://uk.finance.yahoo.com/news/asia-equities-edge-higher-emerging-112500523.html
LONDON MARKET MIDDAY: Miners, Drug Makers And VW Drive UK 100 Lower
LSE/Alliance News – 22 Sept
http://www.lse.co.uk/AllNews.asp?code=007ns7ka&headline=LONDON_MARKET_MIDDAY_Miners_Drug_Makers_And_VW_Drive_UK Index _100_Lower
European shares sharply lower as Volkswagen dives; miners down
Reuters – 22 Sept
http://uk.reuters.com/article/2015/09/22/markets-stocks-europe-idUKL5N11S2A620150922
UK Index LIVE – Footsie drops nearly 2 per cent as miners tumble on worries over China growth, US interest rates
This is Money – 22 Sept
http://www.thisismoney.co.uk/money/markets/article-3244333/UK Index -LIVE-Footsie-seen-touch-lower-despite-gains-Asian-stocks-markets-search-fresh-direction.html
UK Index tumbles below 6,000 as miners slump
CityWire – 22 Sept
http://citywire.co.uk/money/UK Index -tumbles-below-6000-as-miners-slump/a843539
USD continues recovery from Fed-hold lows
Proactive Investors – 22 Sept
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23172/usd-continues-recovery-from-fed-hold-lows-23172.html
UK Index gains held back by miners and RSA’s woes – London Report
CityAM – 22 Sept
http://www.cityam.com/224817/UK Index -gains-held-back-miners-and-rsa-s-woes-london-report
Shire share price soars as ADHD drug gets green light in Europe
Invezz – 21 Sept
http://invezz.com/news/equities/20317-Shire-share-price-soars-as-ADHD-drug-gets-green-light-in-Europe
Shire Keeps Ahead of the Game in ADHD — Market Talk
Dow Jones – 21 Sept
Shares in Shire lead the UK 100 as investors cheer news that its Intuniv drug has been awarded European approval for use in children and adolescents, says Mike van Dulken, Head of Research at Accendo Markets. “Traders obviously hope new indication for Intuniv can help replace some of the lost sales since the drug went off-patent and began suffering generic competition in Dec. 2014 and June this year.” Attention Deficit Hyperactivity Disorder is a key area for Shire so continued progress keeps it “ahead of game to develop the next preferred treatment, to help it recapture lost market share to what is inevitable generic competition over time,” he says. Shire currently up 3.2% at 4894p.
‘Grexit’ risks fade after Tsipras wins Greek election
MarketWatch – 21 Sept
http://www.marketwatch.com/story/grexit-risks-fade-after-tsipras-wins-greek-election-2015-09-21
London shares rise on Greek election result
Proactive Investors – 21 Sept
http://www.proactiveinvestors.co.uk/companies/market_reports/110955/london-shares-rise-on-greek-election-result-110955.html
RSA tumbles as Zurich abandons takeover plans
CityWire – 21 Sept
http://citywire.co.uk/money/rsa-tumbles-as-zurich-abandons-takeover-plans/a843202
Tsipped to the post in Athens
Proactive Investors – 21 Sept
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23161/tsipped-to-the-post-in-athens-23161.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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