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Mixed corporate results boost volatility
Proactive Investors – 30 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/17712/mixed-corporate-results-boost-volatility–17712.html
DJ UK Index Seen Boosted by Wall Street Rebound
Dow Jones Newswires – 30 Jan
Mike van Dulken, Head of Research at Accendo Markets, commented to clients this morning: ” UK 100 Index called to open +25pts at 6835, having recovered from another sell-off to 6750 to test 6850 again overnight, with the possibility of a correction over-ridden by support noted at 6750 yesterday. Updated Watch levels: Bullish 6860, Bearish 6730. Drivers for the positive open include U.S. bourses closing higher thanks to much stronger jobless claims data (14yr low) outweighing the raft of mixed earnings results as well as the ECB’s Coeure saying he is confident in QE will be successful thanks to large scale. Note a solid start with after-hour results beat by Amazon and Visa offsetting disappointment by Google. In focus today we have UK mortgage approvals which are seen stable but we note the fall in BBA home loans on Tuesday. Eurozone unemployment is expected to remain stubbornly high, supporting ECB QE, along with consumer price inflation dipping in January. In the afternoon, U.S. Q4 GDP growth expected to have slowed, backing up weak durable goods and retail sales data of late.”
Bite of Apple makes for a stronger ARM
Times – 29 Jan
http://www.thetimes.co.uk/tto/public/sitesearch.do?querystring=aymen+azizi&p=tto&pf=all&bl=on
Stocks: 5 things to know before the open
CNN Money – 29 Jan
http://money.cnn.com/2015/01/29/investing/premarket-stocks-trading-thursday/
Fed statement tests market ‘patience’
Proactive Investors – 29 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/17705/fed-statement-tests-market-patience-17705.html
Prospect of Fed Rate Rise Weighs; UK Index Faces Heavy Losses
Dow Jones Newswires – 29 Jan
Mike van Dulken, Head of Research at Accendo Markets, commented to clients this morning: ” UK 100 Index called to open -55pts at 6570, having made an overnight break below 6775 support and the trend-line of rising support dating back to 19 January. While this puts the January uptrend in jeopardy, opening up the possibility of a correction with the rising trend-line reverting to resistance, we note support around 6750 which could provide bullish assistance. Updated Watch levels: Bullish 6820, Bearish 6720. Drivers for the negative open include the FOMC Statement which saw the Fed boost its economic assessment, while playing down low inflation and maintaining its pledge of ‘patience’ in raising rates this year, offsetting some of the recent hopes of a rate rise being delayed into 2016, even if monitoring of ‘international developments’ (other central bank action?) gives them flexibility to hold off.”
UK suppliers boosted by Apple’s record quarterly profit, as shares in ARM, Imagination Technologies and Laird rise
This is Money – 29 Jan
http://www.thisismoney.co.uk/money/markets/article-2929822/UK-suppliers-boosted-Apple-s-record-quarterly-profit-shares-ARM-Holdings-Imagination-Technologies-Laird-rise.html
Renminbi climbs to fifth place as world payments currency
Digital Look – 28 Jan
http://www.digitallook.com/news/international-economic/renminbi-climbs-to-fifth-place-as-world-payments-currency–645935.html
Fed preview: no policy move expected, yet statement change ‘guaranteed’
Digital Look – 28 Jan
http://www.digitallook.com/news/usa-market-pulse/fed-preview-no-policy-move-expected-yet-statement-change-guaranteed–645941.html
UK 100 watch: Footsie retreats ahead of Fed policy decision
Invezz – 28 Jan
http://invezz.com/news/equities/16012-UK Index -100-watch-Footsie-retreats-ahead-of-Fed-policy-decision
Appetite for Apple soars to historical record
Director of Finance Online – 28 Jan
http://www.dofonline.co.uk/revenus-and-savings/8993-appetite-for-apple-soars-to-historical-record
Experian tops UK 100 on capital return plan
Financial Times – 28 Jan
http://www.ft.com/cms/s/0/366d351c-a6ce-11e4-8a71-00144feab7de.html#axzz3Q6zMuFT2
Apple’s record-breaking results lift tech stocks
CityWire – 28 Jan
http://citywire.co.uk/money/apples-record-breaking-results-lift-tech-stocks/a795384
ARM gets a boost from Apple
Dow Jones Newswires – 28 Jan
Apple’s blockbuster profit announcement on Tuesday has given semiconductor and software company ARM Holdings a boost, with the U.K. firm’s shares up 2% at 1055p. It seems the markets are buoyed by the still insatiable demand for smartphones, and with ever bigger displays, according to Aymen Azizi at Accendo Markets, noting the especially strong performance in China “where supply shortages were encountered appeasing some concerns about growth in the world’s #2 economy and of course future royalty income streams.”
Tech results, revised Fed rate-rise expectations and Greek hopes boost sentiment
Proactive Investors – 28 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/17696/tech-results-revised-fed-rate-rise-expectations-and-greek-hopes-boost-sentiment–17696.html
Bourse Londres: le Footsie en hausse grâce au secteur technologique US (+0,25%)
Romandie/AFP – 28 Jan
http://www.romandie.com/news/Bourse-Londres-le-Footsie-en-hausse-grace-au-secteur-technologique-US-025/559838.rom
easyJet take-off leaves capacity fears behind
Interactive Investor – 27 Jan
http://www.iii.co.uk/articles/219791/easyjet-take-leaves-capacity-fears-behind
UK Index Called Higher with GDP Data in View
Dow Jones Newswires- 27 Jan
Mike van Dulken, Head of Research at Accendo Markets, commented to clients this morning: ” UK 100 Index called to open +10pts at 6860, having made a late breakout at 6850 around the close yesterday to go and test close to 2014 highs 6900 overnight. The mid-January uptrend remains intact, and the hope is that 6850 reverts to support. Updated Watch levels: Bullish 6910, Bearish 6790. The positive open is despite a flattish finish stateside as the Greek election result was digested and a harsh storm approaches the Eastern Seaboard, coupled overnight with China Industrial Profits growth showing a worsening in contraction in December, adding to global growth worries and emphasising the commodities rout and Russia being downgraded to junk by ratings agency S&P. In focus today we have U.K. GDP growth seen a touch slower in Q4 although still registering solid annual growth. In November, the key Services component is expected to have shown similar growth as October.”
China data offsets easing Greek uncertainty
Proactive Investors – 27 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/17687/china-data-offsets-easing-greek-uncertainty-17687.html
Market Report: Shire’s NPS deal gets a shot in the arm as drug given green light in US
Standard – 26 Jan
http://www.standard.co.uk/business/markets/market-report-shires-nps-deal-gets-a-shot-in-the-arm-as-drug-given-green-light-in-us-10003097.html
UK Index retreats after Greek election results
Reuters – 26 Jan
http://uk.reuters.com/article/2015/01/26/uk-markets-stocks-UK Index -idUKKBN0KZ0PQ20150126
Shire target NPS Pharma wins FDA approval for Natpara
Digital Look – 26 Jan
https://uk.finance.yahoo.com/news/shire-target-nps-pharma-wins-082100709.html
Markets off highs on Greek election result
Proactive Investors – 26 Jan
http://www.proactiveinvestors.co.uk/columns/morning-market-pulse/17677/markets-off-highs-on-greek-election-result-17677.html
Bourse Londres: le Footsie en baisse de 0,41%, évalue la nouvelle donne en Grèce
Romandie – 26 Jan
http://www.romandie.com/news/Bourse-Londres-le-Footsie-en-baisse-de-041-evalue-la-nouvelle-donne-en-Grece/558853.rom
European stocks open lower on Greek election result
Standard – 26 Jan
http://www.thestandard.com.hk/breaking_news_detail.asp?id=56566&icid=1&d_str=
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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