28 Oct

The Telegraph

• Henry Croft, of Accendo Markets, said: “A negative opening call comes as expectations that the US Federal Reserve will hike base interest rates in December rise once more on strong US macro data reported yesterday evening while a mixed bag of overnight earnings from the US companies also weighs on market sentiment.

  “Fallout from RBS’s Q3 earnings (and more importantly reporting it will miss long term targets/fail to offload Williams & Glyn branches by 2017 deadline) are likely to impact on the market this morning as the bank posts a loss on the back of increasing costs. US GDP data for the third quarter will likely impact FX markets, any figure to the upside strengthening the dollar and subsequently moving the predominantly foreign currency earning UK 100 .”

• http://www.telegraph.co.uk/business/2016/10/28/UK Index -100-slides-and-pound-stuck-below-122-as-uk-consumers-fear-p/

26 Oct

The Telegraph

• Henry Croft, of Accendo Markets, said: “A negative opening call follows weak overnight trading in Asia and a slide in Crude Oil prices after an industry report showed a larger than expected inventory build yesterday evening.
  “The fallout from UK 100 earnings releases is  likely to sway markets this morning, with Lloyds (missing profit expectations by 6pc despite CEO stating no Brexit impact on consumers), Antofagasta, British American Tobacco, Bunzl, GSK and Standard life all reporting today. Also keep an eye on GBP FX markets today following yesterday’s sharp depreciation; with a noticeable motive yet to be found, underlying concerns over future performance of Sterling continue to build, commentators suggesting that a lack of natural buyers is likely to see the Pound fall further.”

• http://www.telegraph.co.uk/business/2016/10/26/pound-edges-back-towards-122-but-UK Index -100-falters-as-lloyds-come/

25 Oct

Business Insider

• Henry Croft, a research analyst at Accendo Markets, says in an email on Tuesday morning that European markets are being boosted “after a mostly positive Asian trading session, driven by further US Dollar strengthening as the chances of a US Fed hike in December reach their highest since before Brexit. Earnings releases will once again be the focus for markets as four UK 100 components report this morning, whilst across the pond the world’s most valuable company Apple reports how it fared in the third quarter.”Earnings releases will once again be the focus for markets as four UK 100 components report this morning, whilst across the pond the world’s most valuable company Apple reports how it fared in the third quarter.”
• http://uk.businessinsider.com/UK Index -100-biggest-movers-winners-and-losers-on-october-25-2016-10

24 Oct

Business Insider

• Henry Croft, a research analyst at Accendo Markets, says in an email on Monday morning that European markets are being boosted “as the USD maintains its strong footing and political developments in the UK over the weekend slightly ease fears of a so-called ‘hard’ Brexit.”Without major event risk this week (after the final US Presidential Election and with no monetary policy updates) macro data and earnings will remain in focus for investors, with major UK Banks Barclays, Lloyds, and RBS all reporting their Q3 earnings in the latter half of the week.”
• http://uk.businessinsider.com/UK Index -100-biggest-movers-winners-and-losers-on-october-24-2016-10?r=US&IR=T