23 Dec Digital Look Mike van Dulken and Henry Croft at Accendo Markets said: “The key data point on this shortened UK trading day will be UK Q3 GDP seen confirmed at 0.55% quarter-on-quarter and 2.3% year-on-year, the pace of growth slowing versus last quarter but accelerating over the year from 0.7%/2.1% in Q2. With…
Those expecting a quiet-run in to the year-end are likely pleasantly surprised this morning after a host of news related to the exciting banking sector. Firstly, overnight news that Monte dei Paschi is set to receive state aid as part of a €20bn package to keep the bank and troubled peers afloat is something of…
This morning, the performances of the major UK 100 Pharmaceutical companies perfectly highlights the nature of the industry and some of the rewards (and, of course, risks) of investing in the sector. Just last week my colleague Mike wrote about reversing fortunes of the UK Index ‘s pharmas and their upside potential. Yet today the sector is…
It really is a sign of the times, worrying in some ways, when European Travel names aren’t at the tail end of the after more terror events in Europe (Turkey, Germany, Switzerland). This coupled with a stable start for European equities confirms ever thickening investor skin to such horrors, fears of which are now rekindled…
Macro observations After last week’s key monetary policy updates from the Bank of England and the US Federal Reserve, markets are now winding down before Christmas. Macro data of note is few and far between over the coming five days and could mean that this week’s foreign exchange movements are more reliant on geo-political and equity market…
The question many clients have asked their Accendo trader this week is, “How come the Dow Jones is so close to 20,000?” The most recent surge on the index, which has already been rallying at a phenomenal pace since Donald Trump was elected back in November, was due to the Financial sector’s positive reaction to the US Federal Reserve’s…