This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
CNBC – 3 Mar
http://www.cnbc.com/2016/03/03/european-markets-oil-jobs-report.html
Reuters – 3 Mar
http://uk.reuters.com/article/uk-britain-stocks-idUKKCN0W5125
Int. Bus. Times – 3 Mar
http://www.ibtimes.co.uk/us-market-open-dow-nasdaq-dip-lower-investors-await-non-farm-payrolls-report-1547338
AFP / Romandie – 2 Mar
http://www.romandie.com/news/La-Bourse-de-Londres-gagne-053-en-debut-de-seance-soutenue-par-les-valeurs/681594.rom
Digital Look – 1 Mar
http://www.digitallook.com/news/m-a/lse-surges-as-ice-confirms-considering-offer–1056589.html
CityWire – 1 Mar
http://citywire.co.uk/money/london-stock-exchange-boosts-UK Index -on-new-bid-hopes/a885874
Proactive Investors – 1 Mar
This is Money – 1 Mar
Telegraph – 1 Mar
Nasdaq – 1 Mar
AFP/Romandie – 1 Mar
AFP/ Boursorama– 1 Mar
http://www.boursorama.com/actualites/bourse-l-ice-fait-irruption-aux-fiancailles-du-lse-avec-deutsche-borse-cba3996b66e4d52ab2c24cc51102694f
Marketwatch – 29 Feb
http://www.marketwatch.com/story/UK Index -100-falls-on-g-20-disappointment-2016-02-29
Interactive Investor – 29 Feb
http://www.iii.co.uk/articles/298399/morrisons-mighty-after-amazon-tie
LSE / Alliance News – 29 Feb
http://www.londonstockexchange.com/exchange/news/alliance-news/detail/1456747206040236300.html
CNBC – 29 Feb
http://www.cnbc.com/2016/02/29/european-markets-china-oil.html
Int. Bus. Times – 29 Feb
http://www.ibtimes.co.uk/amazon-groceries-uk-morrisons-clinches-fresh-food-delivery-deal-supermarket-war-intensifies-1546600
Reuters – 29 Feb
http://uk.reuters.com/article/uk-britain-stocks-idUKKCN0W212U
Financial Times – 29 Feb
http://www.ft.com/cms/s/0/e73c07f8-dec0-11e5-b67f-a61732c1d025.html#axzz41XImWZTC
This is Money – 29 Feb
Telegraph Jones – 29 Feb
Dow Jones – 29 Feb
Shares in William Morrison rise 3.9% to 195.3p on an otherwise difficult day for markets as the supermarket announces a tie-up deal with global delivery giant Amazon. In a continued effort to fight supermarket pricing competition, Morrison products will make thousands of its products available through Amazon’s Prime Now and Pantry services. Accendo analyst Michael van Dulken says this is good news for the U.K.’s fourth biggest supermarket, which was demoted to the from the UK 100 in late 2015. Mr. van Dulken says this provides an opportunity to further narrow the gap between the ‘Big Four’ U.K. supermarkets as they seek to mitigate damage done to their market share by discounters.
Dow Jones – 29 Feb
Mike van Dulken and Augustin Eden at Accendo Markets commented to clients this morning: UK 100 Index called to open -45pts at 6050, in retreat from Friday’s test of 6100 and attempt to revisit end-Jan highs of 6130. Whilst still in an uptrend from mid-month lows of 5500, the pace of gains has slowed. As expected, the ceiling of the 3-month falling channel served to hinder progress at 6120, which also corresponds with end-Jan highs and 38.2% Fibonacci retracement of the declines from April 2015. Note falling highs since Friday’s best levels which have ushered the index back below Friday’s lows. Watch levels: Bullish 6070, Bearish 6035.
The negative opening call as stocks in Asia start the weak on the back foot after the Shanghai G20 meeting of finance ministers failed to deliver anything concrete in terms of stimulus to spur global growth. Reappraisal of U.S. monetary policy direction after digestion of some encouraging U.S. data is also weighing along with copper giving up ground along with oil – back below the technical resistance levels it tested to the upside last week to make multi-week highs.
Also weighing are declines by Chinese stocks (near 15-month lows) after the PBOC set the yuan currency weaker for the fifth straight session and by the most since early Jan (despite suggesting at the G20 meeting that there was no basis for persistent depreciation) while the Japanese Yen (JPY) retraced much of Friday’s welcome weakness to hinder Nikkei exporters, also dented by mixed Industrial Production and soft Retail Trade data.
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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