Accendo Markets

Posts from Accendo Markets

Alternative Investments , News

FANGs a lot Tech

FTSE 100 Index called to open -55pts at 6945, after an extension of the reversal of yesterday’s rally having fallen foul of intersecting resistance (dating back to Feb lows). Overnight

Alternative Investments , News

Another Trump turnaround?

FTSE 100 Index called to open +80pts at 6980, extending yesterday’s rebound to break above 9650 overnight. Bulls are eyeing a break above 7000 to open the door for a

Alternative Investments , News

Trade war averted?

“Equities are extending their rebound as investors breath a collective sigh of relief that a global trade war looks to be off the menu (China and US negotiating, several exemptions). This has

Alternative Investments , News

Smurfit Kappa – Paper thin bid increase

Smurfit Kappa shares are bottom of the FTSE this morning after management’s formal rejection of a circa 3% boost to the cash and share offer from International Paper. Having jumped

Alternative Investments , News

He doesn’t really want a trade war

FTSE 100 Index called to open +5pts at 6925, of its last Friday lows of 6850 and nearing a challenge on falling highs around 6940 (3-day) and 6955 (2-week). Bulls

Alternative Investments , News

Trump’s latest advisory Bolt-on

“Equities are in the red, but well off their lows, after President Trump confirmed trade tariffs aimed at China, spooking fears of a global trade war, and having made yet another worrying

Alternative Investments , News

Smith Group: Beware of nasty side-FX

Mike van Dulken, Head of Research at Accendo Markets, commented this morning:   Smiths Group is the FTSE loser this morning after reporting lower H1 sales (-4%; -1% underlying), profits

Alternative Investments , News

That’s just tariffic

FTSE 100 Index called to open -40pts at 6910, well off its worst levels (6840), but still having breached major support yesterday, extending the second leg of 2018’s reversal. Bulls

Alternative Investments , News

MPC you in May

“Equities are firmly in the red, reacting to the trio of mixed guidance from the Fed (short term unchanged, long-term steeper hiking), the threat of a global trade war (Trump

Analysis , News

Ted Baker: Wardrobe malfunction

Retailer Ted Baker has reported a solid set of FY results, with faster growth for the 52 week period than January’s already strong 8-week Christmas trading statement. Add to this