Davy Research

Markets & indices

Markets & indices

LCL deal smart move strategically but valuation looks full; initiate with ‘Neutral’ rating and 912p price target

We believe that GVC’s proposed bid for Ladbrokes Coral makes sense strategically. It further de-risks the business from a regulatory standpoint and is opportunistic to the extent...

Dec 13 2017 | David Jennings , Joseph Quinn | Company Report | 48 pages

The only way is up! Global markets climb for 11th consecutive month

The rise of global equities continued with the MSCI AC world index enjoying its 11th consecutive monthly gain. It has risen 16.5% over that time frame. The global benchmark added a...

Oct 2 2017 | Colin Richardson , Jenny Campbell , Jim O'Neill , Laura Chambers | Monthly Market Monitor | 22 pages

Global equities advance for tenth consecutive month

The MSCI AC world index jumped 0.6% on the final day of August, resulting in a tenth successive monthly gain for the global benchmark. The index added 0.2% in August and has now climbed...

Sep 1 2017 | Colin Richardson , Jenny Campbell , Jim O'Neill , Laura Chambers | Monthly Market Monitor | 22 pages

MSCI AC world index advances for eighth consecutive month and enjoys best first half since 2013

The MSCI AC world index, despite falling 0.8% in the final two days of the month, managed to eke out a gain of 0.03% in June – marking its eighth consecutive monthly advance. The global...

Jul 3 2017 | Colin Richardson , Jenny Campbell , Jim O'Neill , Laura Chambers | Monthly Market Monitor | 23 pages

Irish Stock Exchange updates free floats following scheduled Q2 review; ISEQ indices harmonisation effective from June 16th

The Irish Stock Exchange (ISE) has published updated free floats following its scheduled second-quarter review on Friday, June 9th. The changes will be applied to the ISE indices after...

Jun 12 2017 | Jenny Campbell | Sector Report | 2 pages

Onwards and upwards; global equity markets advance for seventh consecutive month

The MSCI AC world index gained 1.3% in May, marking the seventh consecutive monthly advance. The cumulative climb over this period was 12.4% with the year-to-date (ytd) return now 7.7%....

Jun 1 2017 | Jim O'Neill , Laura Chambers , Jenny Campbell , Colin Richardson | Monthly Market Monitor | 24 pages

Six in a row: global equities continue to climb; MSCI AC world index up 1.1% in April

The MSCI AC world index rose 1.1% in April marking the sixth consecutive monthly gain. In a month where geo-political events took centre stage the first round results of the French...

May 2 2017 | Jim O'Neill , Laura Chambers , Jenny Campbell , Colin Richardson | Monthly Market Monitor | 25 pages

Global equity markets continue to rise; MSCI AC world index gains 0.8% in March, extending monthly wins to five

The MSCI AC world index gained 0.8% in March, extending its monthly run of gains to five. The cumulative advance over that period is 9.7% and coincides with the election of President...

Apr 3 2017 | Jim O'Neill , Laura Chambers , Jenny Campbell , Colin Richardson | Monthly Market Monitor | 24 pages

Global equities extend gains in February; MSCI AC World Index adds 2.8%

The MSCI AC World Index advanced for the fourth consecutive month in February. It has now climbed 8.8% since the end of October and 4.3% in the first two months of 2017. Developed...

Mar 1 2017 | Jim O'Neill , Jenny Campbell , Colin Richardson | Monthly Market Monitor | 23 pages

A decent start to the year: MSCI AC world index adds 1.5%

Global equity markets continued their rich vein of form in January, advancing 1.5%, marking the best start to a year since 2013. The recent strong run started with the election of...

Feb 1 2017 | Jim O'Neill , Jenny Campbell , Laura Chambers , Colin Richardson | Monthly Market Monitor | 22 pages

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