Things just got interesting.

Just as some traders began to assume earnings season was bumbling towards a lacklustre ending, a multitude of shocking UK 100 results day moves have caught the attention of investors. Most notably, Barclays (BARC), the second largest UK bank by assets, dived 7% on Thursday following disappointing investment banking revenues, only a day after GlaxoSmithKline (GSK) fell by the same percentage.

Even today, International Consolidated Airlines (IAG), the parent company of British Airways, has retreated by as much as 5% from all-time highs earlier this week.

And yet the UK 100 remains just 100 points away from all-time highs with a whole host of potential drivers preparing to report next week. Most importantly, next week sees both of the UK 100 Oil majors report their Q3 figures to the market, including the size of their upcoming dividen payments.

BP, the company with the fourth largest weighting on the UK 100 (4.7%), is the first to release its figures before the market open on Tuesday, while Royal Dutch Shell, the largest UK 100 company by market capitalisation with 9.3% weighting, updates the market on Thursday. The timing of these announcements couldn’t come at a more poignant time as Crude Oil touched a fresh 2-year high overnight.

As a result, Shell is within touching distance of 3-year highs, while BP tests year long intersecting resistance with a breakout to 20-month highs offering 5% upside while a sell-off to August lows could offer 11.5% downside.

Could fresh multi-month and multi-year highs take the UK Index above 7600? Or might fresh lows break its 6-week uptrend?

Thankfully, Accendo’s platform allows you to trade the UK 100 index both long – by profiting when prices go up – and short – profiting when prices go down. Depending on what you see happening, you can react instantaneously to position yourself exactly where you want to be.

That’s exactly what’s needed, especially when it’s not just the Oil majors that could move the UK 100 next week.

UK Index commodities giant Glencore (reporting Monday) has a 2.6% UK 100 weighting, global advertising company WPP (reporting Wednesday) has a 0.8% weight, while embattled Telecoms behemoth BT (reporting Thursday) carries a 1.3% weighting.

All of these companies have the potential to drive the UK Index , and that’s before even discussing the other critical market events that are taking place over the course of the week:

• A trifecta of central bank updates from three of the largest economies in the world
• President Trump is scheduled to announce the next head of the Federal Reserve
• The looming prospect of a Congressional vote on US tax reform
• Ongoing commentary from members over the possibility of an extension of OPEC-led production cuts

Therefore, when earnings and events could mean the difference between fresh UK Index all-time record highs or a return to Steptember’s 7200 lows (and a 4% correction), you need to make sure you know exactly what is going on, and when. Even better, how about receiving results previews for the biggest names on the index a day in advance?

This is how Accendo can give you the edge you need.

Our clients will have all of the above information, including insightful earnings previews on analyst consensus compiled by Bloomberg, and will receive a breakdown of the results before the market open. Furthermore, those clients with positions in the all-important

Sounds to good to be true? Why not try it for yourself by signing up here to receive our award-winning research publications. There’s no better time to experience firsthand why we’ve been voted the City of London’s Best CFD Provider for the past 9 years.

John Truong, Senior Trader, 27 October