Getting latest data loading
Home / Morning Report / Morning Report
Leveraged products involve a high level of risk and you can lose more than your original investment.

They are not suitable for everyone so please ensure you understand the risks involved and if necessary please obtain investment advice from a financial adviser before investing. This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 13 March 2018

Yesterday’s FTSE 100 Leaders Close (p) Chg (p) % Chg % YTD
easyJet 1607.5 44.5 2.9 9.8
Evraz 448.4 11.4 2.6 31.9
Pearson 767 15.6 2.1 4.2
Admiral 1945.5 31.5 1.7 -2.8
Segro 607.4 8.4 1.4 3.5
Yesterday’s FTSE 100 Laggards Close (p) Chg (p) % Chg % YTD
GKN 424.1 -11 -2.5 32.8
NMC Health 3438 -76 -2.2 19.2
Reckitt Benckiser 5697 -113 -1.9 -17.7
SSE 1233.5 -23.5 -1.9 -6.6
BT 235 -4.4 -1.8 -13.5
Major World Indices Mid/Close Chg % Chg % YTD
UK FTSE 100 7,214.8 -9.8 -0.13 -6.2
UK FTSE 250 20,117.5 32.4 0.16 -2.9
FR CAC 40 5,276.7 2.3 0.04 -0.7
DE DAX 30 12,418.4 71.7 0.58 -3.9
US DJ Industrial Average 30 25,178.5 -157.3 -0.62 1.9
US Nasdaq Composite 7,588.3 27.5 0.36 9.9
US S&P 500 2,783.0 -3.6 -0.13 4.1
JP Nikkei 225 21,968.1 144.1 0.66 -3.5
HK Hang Seng Index 50 31,513.3 -81.0 -0.26 5.3
AU S&P/ASX 200 5,974.7 -21.4 -0.36 -1.5
Commodities & FX Mid/Close Chg % Chg % YTD
Crude Oil, West Texas Int. ($/barrel) 61.31 0.12 0.19 2.0
Crude Oil, Brent ($/barrel) 64.93 0.13 0.2 -2.6
Gold ($/oz) 1320.09 1.79 0.14 1.3
Silver ($/oz) 16.50 -0.13 -0.75 -2.3
GBP/USD – US$ per £ 1.3895 -0.07 2.9
EUR/USD – US$ per € 1.2335 -0.03 2.8
GBP/EUR – € per £ 1.1266 -0.02 0.1
FTSE 100 Index called to open -10pts at 7205

FTSE 100: 1-month, 4-hourly

Click graph to enlarge

Markets Overview: (Source: Bloomberg, FT, Reuters, DJ Newswires)

FTSE 100 Index called to open -10pts at 7205, although off overnight lows of 7190 thanks to a bounce from intersecting support going back to 22 Feb. Bulls need a break above the 7210 highs of the last hour to extend the rebound. Bears need a breach of aforementioned 7190 support. Watch levels: Bullish 7210, Bearish 7190

Calls for a slightly negative open comes after Asian stocks delivered a similarly weak performance to that on Wall St last night, traders bracing for the last US inflation updates before the Fed and new Chair Powell likely deliver the first of several 2018 rates hikes next week. Note Miners down-under have given up some of yesterday’s gains, but oil is flat and metals off their worst levels.

Corporate news this morning: Antofagasta FY revenues +31% thanks to higher Copper prices, EBITDA +59% (highest margin since 2012), operating cash flow +71%, net debt lower, FY dividend +177% (67% payout); Copper production expected to grow quarter-by-quarter through the year, production, costs and CAPEX as previously guided to. Cairn Energy swings to 2017 net profit after first North Sea oil production.

John Menzies FY underlying operating profits +41% (34% at constant FX), EPS +20%, exceptional charges for M&A and pension de-risking, div +11%; 2018 started well, Aviation ahead on volumes & synergies; Distribution in-line, sale process going to plan. Legal & General acquires full ownership of CALA Homes. Daily Mail & Gen. Trust to dispose of US property info business EDR for $205m.

TP ICAP div unchanged; FY17 revs rise but underlying pre-tax profit flat, synergies accelerated; encouraging start to 2018 with a pick-up in vol and interest rates. Greencore cuts FY18 outlook for adj. EPS (two thirds weighted to H2) to reflect business developments (softer UK volumes after poor weather; weaker US) and current FX rates.

US equity markets endured a mixed opening to the week, with the Tech-heavy Nasdaq notching another fresh record close while both the Dow Jones and S&P 500 closed lower as fears of a global trade war continue to linger. The Dow underperformed as manufacturer Boeing lead the index 0.6% lower, while the industrial sector drove the S&P 0.1%.

Gold has retreated overnight from the $1326 ceiling of a rising channel overnight as the US dollar rallies from support. The precious metal, which becomes more comparatively more expensive as the US dollar rises, is heading back towards 2-week rising lows support around $1317, although will be at the mercy of US inflation later today and its reciprocal impact on the greenback.

Crude Oil benchmarks have recovered some of yesterday’s losses, rallying as much as 1.3% from yesterday afternoon’s lows following a 2.7% decline from Monday’s overnight highs, before consolidating overnight. Global benchmark Brent trades between $64.8-$65.1, while its US equivalent trades between $61.2-$61.4.

In focus today, with US Inflation still the talk of the town while the Fed looks to hike multiple times in 2018, will be Feb US Consumer Price Inflation (CPI; 12.30pm). Consensus is for slower Monthly growth after a Jan jump (0.2% vs 0.5% prev.), the Annual rate returning to late 2017 highs (2.2% vs 2.1% in Jan) but Core version unchanged (1.8%).

Much like slower Wages growth garnered lots of attention in Friday’s jobs report, however, Real Average Earnings (0.3% month-on-month vs -0.8% Jan) may steal the headlines, reviving recent concerns about rising inflationary pressure allowing the US Fed to maintain its hiking trajectory.

The major speech of the day will come from UK Chancellor Hammond as he delivers his first Spring statement (12.30pm) having revised the Budget schedule to be simpler, the main fiscal event now being delivered just once a year, in the Autumn.

Today’s brief address will likely see the first full analysis of Brexit’s impact on UK public finances, good news in terms of lower public borrowing and economic growth higher (but not necessarily an end to austerity), as well as announcement of a range of consultations on issues such as tax for small businesses, inheritance tax for individuals and a levy on ‘single use’ plastics.

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.

Back to Top

Our 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. Accendo Markets research has not been prepared in accordance with legal requirements designed to promote its independence and may not comply with FCA guidelines to prevent conflicts of interest and is not subject to any prohibition on dealing ahead of the dissemination of research. As such, this research does not constitute a personal recommendation or offer to enter into a transaction, it is produced and distributed for information purposes only. Accendo Markets considers 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

CFDs, spreadbetting and spot FX are leveraged products & can result in losses exceeding your initial deposit. They are not suitable for everyone, so please ensure that you understand the risks.
The value of shares can go down as well as up, so you could get back less than you invest.

Telephone calls and online chat conversations may be monitored and recorded for regulatory and training purposes.

* We provide these as underlying assets to CFDs and Spreadbets.

To view our policies and terms, please click here

This website is not intended for or directed at residents of the United States or any country outside the UK. It is not intended for use by or distribution to any person in any jurisdiction or country where its use or distribution would contravene any regulation or local law.
Prices on this page are delayed.

Like many websites, we use cookies for statistical purposes and to acquire information on general internet use. This helps ensure that you get the full benefit of our services, and enhances your browsing experience . For more details on the cookies we use, view our privacy policy under the heading 'How We Use Cookies'. By using this website, we'll assume that you're happy to receive all cookies from Accendo Markets.
Removing cookies may impede the operation of some parts of this website. For general information about cookies and how to remove them, please click here 

Accendo Markets Ltd - 1 Alie Street, London, E1 8DE (UK) Telephone: 020 3051 7461 - Accendo Markets Ltd. is Authorised and Regulated by the Financial Conduct Authority (FCA) No. 475285. Accendo Markets Ltd. Registered in England and Wales No. 6417051. © Copyright Accendo Markets Ltd 2015. All rights reserved.

4.83 Average

148 Reviews

Peter p

I have been trading with Accendo Markets and James Abbott my account manager for coming on 5 years now, James Abbott the senior trader of Accendo Markets provides me with up to minute information when I need it and find him very easy and professional to deal with. Whenever I need to trade or am not sure about anything James is always their to help with any queries I may have. The Accendo Platform I find very easy to use and navigate although it has been slightly changed over the years but definitely for the better. Personal when I do trade 90% of the time, I rather telephone call to place my trade dealings and if James is not there to take my call I find others at Accendo like Sam, Lee take my trades and are. All in all everyone at Accendo Markets are amazing to deal with and my relationship with Accendo is just as I like it. Peter Petrou

Posted 4 months ago

Mrs. J

"Our Trader, Aymen Azizi, has been nothing but attentive to our every need throughout our long relationship with him. No issue is too small, full explanations on all our questions."

Posted 5 months ago

Brian R

I have been with Accendo for a long time now, ten or twelve year's, probably more . As I told Sam (my trader) I thought that CFDs were better than sex . I stopped trading for a few years and only started back about a couple of months ago. But it is as if I had never been gone , so to speak. Sam has helped me every step of the way, at my age one forgets things. I have only praise for Accendo and as far as I am concerned the platform is the best . Now I am back trading at 71 years of age, I might even try sex again. Brian Robertson.

Posted 6 months ago

Jim W

I understand how to make a profit with CFDs. I am restricted by the range of companies I have knowledge of. Although, I am not sure that is a big problem. Tom Robertson is a very fine man.

Posted 8 months ago

Rebekah S

Well, I would not be trading without the help of my trader, Sam Alnakkash. He provided a really great overview of Accendo Markets, an insight into trading in general and how to get started in trading online. His advice, support and training has been fantastic all along the way, enabling me to start trading earlier than I would have done had I not had the support. He has also been very adept at understanding me as a client in order to help me achieve my trading goals. I still have a lot to learn and hope I will get there.

Posted 8 months ago

Nick z

I like the updates on shares I trade. Updates from Bloomberg and Reuters plus industry updates and breaking news. I've had Matt Grice and James Abbott and found both to be excellent. I would like to continue a personal service with James. He understands how and which stocks I trade.

Posted 10 months ago

Steve O

Excellent, knowledgable broker interaction and communication, coupled with very good research and analysis.

Posted 10 months ago

William P

Being new to direct trading I needed help and was given all the time and advice that I needed to feel fully able to make decisions on what I wanted to invest in. I asked for and got exactly the type of info I required provided by Tom Cook, who I would recommend to anyone looking for help.

Posted 10 months ago

Mr. W

I have been dealing with accendo for the past 8 years my broker Amrit I find him very helpful when he is there lol and had many offers to change but will not do it Bill Roberts

Posted 10 months ago

Zoran N

Very good all round service! Timely market information. (charts + trends coverage ) On the ball accounts managers ,quickly available and alert . Part of my success owed to my personal manager Mr Sam Springet , than you.

Posted 10 months ago

Mr Brian C

Easy to deal with.....

Posted 10 months ago

Muhammed S

Accendo markets are great for trading cfds and their research is second to none! Aymen manages my account is extremely helpful and always keeps me updated on market info. Thanks again

Posted 10 months ago

Mr Buta B

Always available, whenever I call I get straight through to someone that can and will help. The staff are very knowledgeable, helpful and easy to talk to.

Posted 10 months ago

Stephen B

Aymen Azizi keeps an eye on what is happening in the market and informs me with timely relevancy, email call, and txt.

Posted 10 months ago

Mr. G

the web site is so easy to use and Aymen my point of contact provides exactly the right level of intervention

Posted 10 months ago

Jyotish G

Very good info and continuous support from Aymeb

Posted 10 months ago

Chander S

The personal service of my dedicated broker is excellent. I do get daily mails on market conditions and information of future ex dividend dates of Stock by accendo Market, which is helpful to make a decisions on buy or sell stock. the whole concepts helps in to play with some money, risks and rewards in this share Market world, which makes me happy if and when I make any money,

Posted 10 months ago

Dilip P

My account manager Aymen has provided unbiased professional advice since day one. He allows me to trade at my own pace and is not pushy at all unlike most other brokers. Aymen is an extremely valuable asset to his Company and I would highly recommend Aymen and Accendo Markets.

Posted 10 months ago


Having an individual on call to help me, as a complete novice gives me the confidence to try trades to see what happens. The platform is very easy to use.

Posted 11 months ago

Frith L

Whenever I have a query Accendo are always willing to help out with a patient answer. I especially mention Tom Robertson here whose valuable help has aided me in charting new waters. I really appreciated his call when a share of mine was doing well. Keep up the good work all.

Posted 1 year ago

John F

pleasant people who know what they are talking about and i have had much help and information from adam vettese who answers every one of my questions in format that i understand , a great company, i am very pleased.

Posted 1 year ago