Getting latest data loading
Home / Blog / Accendo Markets / UK Index gains…

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

UK Index gains…

Investors received a boost this morning when better-than-expected manufacturing data from the UK and China saw the UK Index rise and fuelled gains in mining and banking.

The first surprise of the year came when Britain’s (UK) manufacturing sector unexpectedly returned to growth for the first time in half a year, giving people hope that the UK could avoid another recession if the sector continues to recover in the coming months.

STOXX Europe 600 and Banks index led the way as the banks were among the best performers across Europe, with both up 1% respectively.

This 1% rise was mirrored in gains for the UK’s major banks (such as…)

STOXX Europe 600 Basic Resources index were among the top performers again as they saw a 0.7% increase, after mining stocks gained strength following improved Chinese figures.

Unfortunately with Greece still unable to agree terms with its creditors the Eurozone debt still hangs  unsafely close to causing an economic tremor across the globe.

« Back to Category

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

Leave a Reply

You must be logged in to post a comment.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.