Sunday, 20th August 2017

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Morning traders' note

FTSE stalls as Dollar hits 5-week low

20 Mar 2017, by Henry Croft.

The morning note is a daily global markets overview for Monday 20th March 2017 from the analyst team at Accendo Markets, providing a bullet-point snapshot of what can be expected in financial markets today and overnight activity. The information is straight from the traders’ desks, with news and insights on equities markets, commodities, and forex.

FTSE100 currently -15pts at 7410



ABF +1.8%
ADM +1.7%
SBRY +0.9%
RRS +0.8%


HIK -1.6%
CCH -0/9%
CPG -0.9%
STAN -0.9%



·         UK Oilers (BP, Shell, Tullow Oil, Premier Oil) – Oil prices remain under pressure after Baker Hughes Rig Count shows 9th consecutive increase (Reuters)

·         AstraZeneca – Study data shows new drug significantly cuts the chance of death from heart failure derived from type two diabetes (Reuters)

·         Carillion – Awarded Cyprus DIO contact worth £90m (Reuters)

·         Finsbury Food – H1 revenue reported at £156.6m (Reuters)

·         JKX Oil And Gas – FY operating loss narrows to £3.9m (Reuters)

·         John Laing – Proposes issue of up to 89.8m shares (Reuters)

·         Kaz Minerals – Provides update on HK shares trading halt (Reuters)

·         Marston’s – Announces replacement to existing £257.5m banking facility (Reuters)

·         Phoenix Group – Increases its target for cash generation (Reuters)

·         Rio Tinto – Has pledged to cut steel production in order to reduce greenhouse emissions (Bloomberg)

·         Vodafone – Announces merger with India’s Idea Cellular, creating the country’s largest wireless company (Bloomberg)



·         Crude oil fails to capitalise on USD at 5-week lows as Baker Hughes Rig Count increase sees US production concerns continue. (Reuters)

·         Copper price flat as weak US dollar contends with thin trading volumes in Asia overnight. (Reuters)

·         Gold price improves to a 3-week high as the US dollar reaches a 5-week low and European political uncertainties remain a driver. (Reuters)


Macro outlook:

·         A quiet day today for macro data sees the Chicago Fed Activity Index at 12:30pm headlining all releases, with the US economic metric hoping for a return to December’s highest reading since 2015.

·         Speaker-wise, expect soundbites to be released from the Eurogroup meeting on Greece at 3pm, before noted ECB hawk Wiedmann speaks at 4:45pm while the US Federal Reserve’s Evans at 5:10pm kicks off a week in which nine members of the central bank are scheduled to speak following last week’s monetary policy update.


CFDs, spreadbetting and FX can result in losses exceeding your initial deposit. They are not suitable for everyone, so please ensure you understand the risks. Seek independent financial advice if necessary. Nothing in this article should be considered a personal recommendation. It does not account for your personal circumstances or appetite for risk.

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