Sunday, 20th August 2017

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Morning traders' note

US peers influence UK blue-chips WPP and Ashtead

20 Apr 2017, by Henry Croft.

The morning note is a daily global markets overview for Thursday 20th April 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 -5pts at 7110



WPP +1.2%
ULVR +1.1%
PSON +1.0%
ABF +1.0%


INTU -4.4%
AHT -4.4%
BA. -2.2%
BDEV -2.0%



·         Acacia Mining – Core earnings increase 25% in Q1, however sold sales stagnate due to Tanzanian export ban (Reuters)

·         Card Factory – Appoints news CFO (Reuters)

·         Debenhams – Increases spending to inspire return to growth (Reuters)

·         Evraz – QoQ crude steel output increases 8.7% in Q1 (Reuters)

·         Go-Ahead Group – Q3 results are in line with expectations from management (Reuters)

·         Man Group – Announces Q1 net inflows of $3bn and AUM increased 10% to 88.7bn (Bloomberg)

· – Q1 revenue increases 2% (Reuters)

·         Rio Tinto – Retains FY guidance despite weather conditions causing 3% production decrease in Australia (Reuters)

·         Sky – Reiterates FY targets as customer flight steadies in Q3 (Reuters)

·         Unilever – Q1 sales growth and revenue at 2.9% and €13.3bn respectively beat analysts’ expectations, while reporting it is on track to deliver 3-5% sales growth (Bloomberg/Reuters)



·         Crude oil prices slide 3% as the US EIA report shows US production reaching its highest level since mid-2015 (Reuters)

·         Copper price holding above 5-month rising lows support having pared early gains on Wednesday as Chinese output increases (Reuters)

·         Gold falling back from 5-month highs however is holding above $1278 support as geopolitical concerns weigh and the US dollar continues recent weakness (Reuters)


Macro outlook:

·         In focus today will be the continued digestion of the latest opinion polls for the first round of the French election on Sunday while also keeping one eye closer to home on the UK snap general election in early June.

·         Data-wise, we are quiet until the US Philly Fed at 1:30pm, forecast to retrace further from February’s 33-year highs. At 3pm, the US leading Index is expected to see growth ace slow in March while Eurozone Consumer Confidence is expected to show confirmed improvement in March, returning to 2-year highs last seen around the turn of the year.

·         Speakers of note today include the Fed’s Powell at 1:30pm while Bank of England Governor Mark Carney partakes in two panels in Washington DC at 4:30pm and 5:30pm.


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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