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Integrated gas business is no saviour for Shell
Interfax Global Energy – 30 Oct
http://interfaxenergy.com/gasdaily/article/18116/integrated-gas-business-is-no-saviour-for-shell
Asia: Markets end week on downbeat note as BoJ leaves policy unchanged
Yahoo/Digital Look – 30 Oct
https://uk.finance.yahoo.com/news/asia-markets-end-week-downbeat-113500829.html
Pets At Home shares slide on weaker sales growth
Financial Times – 30 Oct
https://next.ft.com/content/23594036-7ef2-11e5-98fb-5a6d4728f74e
LONDON MARKET OPEN: Stocks Mixed, IAG Drops Despite Guidance Upgraded
LSE/Alliance News – 30 Oct
http://www.lse.co.uk/AllNews.asp?code=r8jjjiol&headline=LONDON_MARKET_OPEN_Stocks_Mixed_IAG_Drops_Despite_Guidance_Upgraded
No stimulus BoJ job by Kuroda
Proactive Investors – 30 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23489/no-stimulus-boj-job-by-kuroda-23489.html
Integrated gas business is no saviour for Shell
Interfax Energy – 29 Oct
http://interfaxenergy.com/gasdaily/article/18116/integrated-gas-business-is-no-saviour-for-shell
Allergan confirms possible mega-merger with Pfizer
CityAM – 29 Oct
http://www.cityam.com/227604/pfizer-and-allergan-reportedly-in-talks-to-form-worlds-biggest-drugs-company
Artifical knee maker sees shares knocked as third quarter revenues miss forecasts, but Smith & Nephew sticks to forecasts
This is Money – 29 Oct
http://www.thisismoney.co.uk/money/markets/article-3295014/Artifical-knee-maker-sees-shares-knocked-Q3-revenues-miss-forecasts.html
London Shares Seen Dented by Hawkish Fed, Gold Selloff
Dow Jones – 29 Oct
UK 100 Index called to open -10 points at 6425, holding its uptrend from September lows and rising channel from early October. However, concern rising at recent price activity in a rising wedge formation which is bearish and could lead to a reversal. However, any break above 6460 could scupper this and revive hopes of upside to 6550 or better. Updated watch levels: Bullish 6460, Bearish 6315. The negative open comes after the Fed delivered a more hawkish policy update than expected, talking of moderate U.S. growth and omitting previous references to global headwinds. While revised language and explicit reference to December’s meeting has markets in a tizz, we still don’t expect anything until well into 2016. Gold sunk after the Fed meet as investors went risk-on taking the yellow metal back down below $1160. Note, however, that more hawkish tones could stem losses once short term excitement dies down.
Remember, Remember the Fed in December
Proactive Investors – 29 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23480/remember-remember-the-fed-in-december-23480.html
Gold bugs optimistic as yellow metal’s price rises
News.markets – 28 Oct
http://news.markets/commodities/gold-bugs-optimistic-as-yellow-metals-price-rises-17716/
Lloyds’ profits miss could be buying opportunity ahead of IPO
Interactive Investor – 28 Oct
http://www.iii.co.uk/articles/274290/lloyds-profits-miss-could-be-buying-opportunity-ahead-ipo
Lloyds profits fall to £1.97bn as Horta-Osório’s bank adds to PPI fraud compensation
IB Times – 28 Oct
http://www.ibtimes.co.uk/lloyds-profits-fall-1-97bn-horta-osorios-bank-adds-ppi-insurance-compensation-1526031
Lloyds profit hit by PPI payouts; Barclays confirms CEO
News.markets – 28 Oct
http://news.markets/banking/lloyds-profit-hit-by-ppi-payouts-barclays-confirms-ceo-17691/
An Apple a day
Proactive Investors – 28 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23470/an-apple-a-day-23470.html
GBP/EUR sees scope for gains, UK 100 upside towards 6600, Palladium looks like an interesting trade
TipTV – 27 Oct
http://www.tiptv.co.uk/finance/gbpeur-sees-scope-for-gains-UK Index -100-upside-towards-6600-palladium-looks-like-an-interesting-trade/
Europe midday: Stocks in the red as investors eye Fed rate announcement
Digital Look – 27 Oct
http://www.digitallook.com/news/market-report-europe/europe-midday-stocks-in-the-red-as-investors-eye-fed-rate-announcement–908579.html
Oil falls again as BP’s estimates look ambitious
Proactive Investors – 27 Oct
http://www.proactiveinvestors.co.uk/companies/market_reports/116719/oil-falls-again-as-bp-s-estimates-look-ambitious
Wait and see on policy
Proactive Investors – 27 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23457/wait-and-see-on-policy-23457.html
European stocks dip at open
Yahoo/AFP – 27 Oct
https://uk.news.yahoo.com/european-stocks-dip-open-084933701.html
La Bourse de Londres recule avant la Fed
Le Point/AFP – 27 Oct
http://www.lepoint.fr/bourse/la-bourse-de-londres-recule-avant-la-fed-27-10-2015-1977095_81.php
Aberdeen Asset’s stocks jump after sell-off talk
Scotsman – 27 Oct
http://www.scotsman.com/business/aberdeen-asset-s-stocks-jump-after-sell-off-talk-1-3928677
MARKET REPORT: Brokers open taps on oil firms with warning that their valuations still ‘assume higher oil prices’ and the ‘narrative’ for the sector is ‘survival’
This is Money – 26 Oct
http://www.thisismoney.co.uk/money/markets/article-3290546/MARKET-REPORT-Brokers-open-taps-oil-firms-warning-valuations-assume-higher-oil-prices-narrative-sector-survival.html
Aberdeen Asset Management shares rise on sale rumours
Herald Scotland – 26 Oct
http://www.heraldscotland.com/business/13895930.Aberdeen_Asset_Management_shares_rise_on_sale_rumours/
UK Index slips after recent gains, but Aberdeen Asset climbs despite buyout denial
Guardian – 26 Oct
http://www.theguardian.com/business/marketforceslive/2015/oct/26/UK Index -slips-after-recent-gains-but-aberdeen-asset-climbs-despite-buyout-denial
Enough fizz for a proper pop?
Proactive Investors – 26 Oct
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/23445/enough-fizz-for-a-proper-pop-23445.html
Global Stock Market Rally Loses Steam
Wall St Journal – 26 Oct
http://www.wsj.com/articles/global-stock-market-rally-loses-steam-1445849541
Aberdeen Asset Management Shares Jump on Buyout Reports
Dow Jones – 26 Oct
Shares of Aberdeen Asset Management are trading 4.2% higher at 366p, leading the UK 100 index risers, following press reports over the weekend that the company is sounding out potential buyers for the firm. The FT reported Sunday that the company’s 60-year-old founder and chief executive Martin Gilbert had made informal approaches to a number of rivals in recent months, citing people familiar with the situation. No-one was immediately available from the company to respond to the report. This speculation “has seen the shares break out and gap up to levels last seen in late July,” notes Mike van Dulken at Accendo.
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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