Accendo Markets

Yet another hurdle cleared this week as the UK flagship index went on to make a decisive breach of 6,600. The bulls are loving it, already eyeing up the pre-crisis highs of 6,760 and then even those of 6,940 before the dot.com bust. What has taken the FTSE up another 100 points during this shortened […]

A good way to end the week! The sun’s out, there’s a long and hopefully sunny weekend to look forward to and the UK flagship equity index has regained the 6,500 handle – MIA since mid-March. After another round of mixed macro-economic data and major announcements from central banks, on both sides of the pond, […]

This week was all about GDP growth. With on-going fears about whether China (7.7% YoY) is slowing or not, it was the turn of the UK and US to release Q1 preliminary estimates. The UK’s 0.6% YoY beat expectations (consensus flat), helped by a strong services sector. Good news also that a triple-dip recession was […]

Another down week for the UK flagship index  with a revisit to near April lows of 6215 and hand-rubbing by bargain hunters looking for a rebound. Declines driven by more intense fears over global growth (emerging + developed), with weaker Chinese weekend growth data (as suggested last week) seeing the prior Friday’s sell-off in risk […]

Last week’s correction to 6,215 may have been tough (-4.4%) dented by poor macro data (jobs, manufacturing, services) and a nuclear threat, but expectations of continued major central bank intervention/loose monetary policy, some positive macro data points and a good start to earnings season on both sides of the Atlantic have helped keep risk appetite […]

It’s that time again and despite being a shortened week post-Easter it has been a busy one. Disappointing Manufacturing updates from Japan, China and the US while we were scoffing chocolate were offset on our return by slightly better figures from Europe which saw the week start on the front foot and the UK flagship […]

And so we add Cyprus to the list of Eurozone sovereign debt crisis bailouts. We can also add bail-ins of bank deposits (haircuts on uninsured deposits >€100K) and total bank investor wipe-outs to the list of self-help measures imposed by those holding the bailout purse strings. Politicians can shout all they like about Cyprus (often with mixed messages) being a special case and not...

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup: Accendo Markets is an online trading services provider, offering CFDs, spread betting and forex to retail (private) clients. Accendo Markets was established in 2007 and has since gone on to win various awards including “2012 Winner of Best Execution only CFD […]