Morning Market Pulse – Janet to Take a Hike

Accendo Markets’ morning report offers readers a concise explanation as to why the FTSE100 is called up/down each morning with a glance at its technical levels as well as that of Oil and Gold. We look at the how US bourses closed and what has been happening in Asia, with elaboration on drivers …

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Market Stands Still Ahead of FOMC Meeting

During the European session, the British pound and the euro remain under pressure from the US dollar ahead of the meeting of the Federal Open Market Committee. At the same time, many negative factors suppress the British currency. The GBP/USD is still under the influence of the lack of progress in the negotiations on the Brexit issue. Today, the GBP/USD is trading around 1.3335. Demand for the pound also decreased after weak statistics on the UK labor market. The number of people claiming […]

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UK Jobless Rate Lowest In 42 Years

The UK unemployment rate remained at the lowest level in more than four decades during the three months to October and the annual growth in earnings accelerated but remained well below inflation.

Data from the Office for National Statistics on Thurs…

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FTSE 100 watch: Footsie little changed as investors await Fed

The UK benchmark index has climbed marginally higher in today’s session, staying little changed amid investor caution ahead of the outcome of the Federal Reserve policy meeting later today. In individual movers, Berkeley (LON:BKG) is underperforming the FTSE 100 as Jefferies abandoned its bullish …

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Canadian Dollar Rises On Higher Oil Prices After API Data

The Canadian dollar erased its early losses against its major rivals in the European session on Wednesday, as oil prices advanced following an industry data showing a draw in the U.S. crude stockpiles last week.

Crude for January delivery rose $0.30 …

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One FTSE 100 4% yielder I’d sell to buy Tui AG

It seems that consumers are still willing to splash out on holidays. Today Tui Travel (LSE: TUI), the world’s largest holiday company reported its third consecutive year of strong earnings growth. For the 12 months to September 30, turnover increased 11.7% to €18.5bn on a constant currency basis and …

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Daily Forex News and Analysis — December 13th 2017

US stocks were mixed after the close on Tuesday, as gains in the Telecoms, Financials, and Healthcare sectors were offset by losses in Utilities, Technology, and Oil & Gas. The Dow Jones rose by 0.49%, the S&P 500 by 0.15%, and the NASDAQ lost 0.19% from its value. The US dollar rose to a 3-week high against a basket of major currencies after upbeat wholesale inflation data suggested that weakness in inflation could be waning ahead […]

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CFO

The FTSE 100 (INDEXFTSE:UKX) was barely unchanged this morning as investors’ wait on an expected rate rise announcement from the US Federal Reserve. Anticipation of the rate hike boosted the financial sector but weighed on consumer stocks. The blue chip share rose 0.0083%, up 0.47 points at …

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European Markets Are Weak Early on December 13

The United Kingdom’s FTSE 100 Index regained strength last week and maintained the strength this week. The FTSE 100 Index started this week higher and rose to one-month high price levels in the first two trading days. In the morning session on December 13, the FTSE 100 Index is stable above the …

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Saga gets a boost of confidence

Saga was on the rise this morning after a public vote of confidence from its finance director, Jonathan Hill. The group, which offers insurance and holidays to the over-50s, issued a sudden profit warning last week and lost 30 per cent of its market va…

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Canadian Dollar Recovers Against Majors

The Canadian dollar bounced off from its previous lows against its major counterparts in the European session on Wednesday.

The loonie recovered to 1.2855 against the greenback, 1.5093 against the euro and 88.17 against the yen, from its early lows o…

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Admiral celebrates 10 straight years on the influential FTSE 100

Motor insurance to price comparison giant Admiral is celebrating 10 consecutive years on the influential FTSE 100. The FTSE 100 is an index of the 100 biggest firms listed on the London Stock Exchange, based on market capitalisation. Other bluechip fir…

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Brazil Retail Sales Unexpectedly Fall In October

Brazil retail sales dropped in October, defying expectations for a modest gain, amid declines in sales of household goods, clothing and footwear, and furniture, preliminary data from the statistical office IBGE showed Wednesday.

Retail sales decrease…

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South Africa Retail Sales Growth Slows More Than Forecast

South Africa’s retail sales growth eased at a faster-than-expected pace in October, preliminary figures from Statistics South Africa showed Wednesday.

Retail sales rose 3.2 percent year-over-year in October, slower than the 5.7 percent rise in the pr…

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European Stocks in the Doldrums in Early Trade as UK Wage Growth Falls

In equities, online betting operator Paddy Power Betfair was leading the gainers on London’s FTSE 100 Index, up by 1.8%, followed by high street bank HSBC Holdings and supermarket operator Sainsbury, both 1.5% higher. Direct Line Insurance Group was up by 1.3%. On Frankfurt’s DAX, electricity …

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Charts of the Year: The boring but beautiful UK stocks you missed in 2017

In 2017, many of the top 10 performing companies in the FTSE 100 (as measured by share price change) are actually fairly familiar — housebuilders Persimmon and Berkeley, airlines easyJet and British Airways-owner IAG. Still, there is a solid list of companies we rarely write about, but whose …

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FTSE 100 tethered to last night’s closing level

Traders were searching for the fast-forward button, with markets exceptionally quiet ahead of the US central bank’s interest rate decision. The FTSE 100 was up 3 points at 7,503, having traded within a narrow band ranging from 7,493 and 7,506 this morning. Analysts continued to pick over the …

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Emptying the Equity Factor Zoo? [PREMIUM]

As described in “Quantifying Snooping Bias in Published Anomalies”, anomalies published in leading journals offer substantial opportunities for exploitation on a gross basis. What profits are left after accounting for portfolio maintenance costs? In their November 2017 paper entitled “Accounting for the Anomaly Zoo: A Trading Cost Perspective”, Andrew Chen and Mihail Velikov examine the combined More

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