This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Anglo American (AAL.L), Antofagasta (ANTO.L), BHP Billiton (BLT.L), Glencore (GLEN.L), Rio-Tinto (RIO.L), Vedanta (VED.L) - The appetite for raw materials in China keeps getting bigger. China’s imports of crude oil and iron ore rose to records in 2016, coal buying expanded for the first time in three years. Growing domestic demand sent its steel and aluminum exports down, while outbound shipments of oil products soared. Closing prices 1310.50p, 721.50p, 1438.00p, 312.50p, 3404.50p, 1002.00p (Bloomberg)
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) – British bankers are lowering their expectations on securing a Brexit deal that will safeguard passporting in the financial sector. TheCityUK lobby group is no longer so vocal in seeking so-called passporting, which allows global banks with bases in London to provide unrestricted services to the rest of Europe. Closing prices 232.25p, 66.03p, 218.50p (Bloomberg)
Centamin (CEY.L), Fresnillo (FRES.L), Hochschild Mining (HOC.L), Randgold Resources (RRS.L) - The dollar headed for a weekly loss and gold traded at the highest price in almost two months as investors continued to assess whether market moves since the U.S. election have gone too far. The Dollar rose after touching the lowest point in a month, Fed Chair Janet Yellen reiterated that the U.S. economy is doing well. Gold has seen a four-day rally. Closing prices 151.20p, 1422.00p, 231.10p, 6795.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research