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Accendo Press Quotes: Week-ending 9 Jan 2015

Le Brent se stabilise au dessus des 50 dollars le baril; l’or peut lui aussi se reprendre à 1201 dollars l’once

Challenges – 9 Jan

http://matieres-premieres.blogs.challenges.fr/archive/2015/01/09/le-brent-se-stabilise-au-dessus-des-50-dollars-le-baril-108914.html

UK Index edges lower ahead of U.S. jobs data, homebuilders slip

Reuters – 9 Jan

http://uk.reuters.com/article/2015/01/09/uk-markets-stocks-UK Index -idUKKBN0KI0QF20150109

Profit-Taking to Dent UK Index as U.S. Jobs Report Looms

Dow Jones – 9 Jan

Mike van Dulken, Head of Research at Accendo Markets, commented to clients: ” UK 100 Index called to open -5pts at 6565, having paused following completion of the double-bottom reversal pattern highlighted over the last two days, from lows of 6330 and after the breakout at 6450. While good to see more progress falling resistance from early-Dec still a hurdle at week-end, especially if macro data fails to inspire today. Nonetheless, weakness likely to find support at Jan lows 6330 before any full retrace to Oct/Dec lows 6100. Our Watch levels: Bullish 6605, Bearish 6525…In focus this morning we have U.K. industrial and manufacturing production seen improving in November. Thereafter it’s all eyes on the first U.S. jobs report of 2015 with expectations of a normalisation of November’s spike (320K) in non-farm payrolls, and reported figure more in-line with Wednesday’s ADP (240K). The unemployment rate is seen falling further adding to jobs progress, and wages growing further, but with inflation still too low it may not be enough to add to expectations of an earlier U.S. rate rise.”

How far can oil prices fall and will prices rise again this year?

UK Index Global Markets – 7 Jan

http://www.UK Index globalmarkets.com/news/how-far-can-oil-prices-fall-and-will-prices-rise-again-this-year.html

Boohoo shares almost halve as the online fashion retailer warns on profits following poor winter sales

This is Money – 7 Jan

http://www.thisismoney.co.uk/money/markets/article-2900216/Boohoo-shares-halve-online-fashion-retailer-warns-profits-following-poor-winter-sales.html

Boohoo wails profit warning amid tough retail conditions

Digital Look – 7 Jan

http://www.digitallook.com/news/aim-bulletin/boohoo-wails-profit-warning-amid-tough-retail-conditions–639051.html

A Golden Dawn in 2015?

Equities.com – 6 Jan

http://www.equities.com/editors-desk/a-golden-dawn-in-2015

Oil slumps to new lows on supply glut

Business insider – 6 Jan

http://www.businessinsider.com/afp-oil-slumps-to-new-lows-on-supply-glut-2015-1?IR=T

Marks and Spencer leads UK Index lower

Financial Times – 5 Jan

http://www.ft.com/cms/s/0/2fcfadd6-94b1-11e4-8341-00144feabdc0.html

Marks & Spencer Shares Slip on 3Q Fears — Market Talk

Dow Jones Newswires – 5 Jan

Shares in Marks & Spencer fall 1.5% to 470p on fears that it is set to join big name retail peers this week in revealing a slump in Christmas sales within its 3Q interim statement, says Mike van Dulken at Accendo Markets, highlighting the pressures on grocery and high street retailers. Says that while M&S tends to do well with its festive food offering, “falling food prices and changing habits with cost conscious consumers shopping elsewhere may have kept a lid on sales for the division.”

European stocks drop at open, euro hits nine-year low

Business Recorder – 5 Jan

http://www.brecorder.com/top-news/1-front-top-news/214856-european-stocks-drop-at-open-euro-hits-nine-year-low.html

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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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