Accendo Press Quotes - Week Ending Apr 21

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Accendo Press Quotes – Week Ending Apr 21

21 Apr

Armchair Trader

Mike van Dulken commented – “A Macron (centrist) & Fillon (centre-right) win would likely be the most palatable for financial markets. A Le Pen (far right) & Mélenchon (far left) result would surely raise alarms. Markets look to be pricing in something between the two with Macron & Le Pen progressing to the second round in a fortnight’s time, although the last year of global political events has taught us to expect the unexpected.”
http://www.thearmchairtrader.com/news/europe-set-to-take-centre-stage-today

20 Apr

Telegraph

Mike van Dulken, of Accendo Markets, said: “Calls for another negative open come after a mixed session on Wall St and in spite of a decent performance in Asia overnight. Blame can be pinned on another drop in oil prices which will likely put another dent in the UK Index via disproportionately influential Oil Majors, with a negative read across for a commodity sector still troubled by lower metals prices and global growth uncertainty. Geopolitics is also keeping market guessing ahead of this weekend’s too tough to call first round French presidential election.”
http://www.telegraph.co.uk/business/2017/04/20/euro-hits-three-week-high-UK Index -100-extends-losing-streak-election/

19 Apr

Business Insider

The UK Index ‘s small drop comes “after losses on Wall St amid mixed corporate results overnight (Yahoo! beat, IBM missed), another leg down for Crude Oil drove a poor session in Asia and additional GBP strength took UK Index futures lower,” Mike van Dulken of Accendo Markets wrote in a morning email to clients. “Copper may be off its worst levels, but remains in a clear downtrend, although a rebound for Iron Ore offers some respite for a commodity sector troubled by scepticism about stimulus.” Falling metals had on Tuesday hit British-listed mining firms hard, with BHP Billiton, Anglo American, and Glencore all losing more than 5% on the day.
http://uk.businessinsider.com/UK Index -100-movements-on-wednesday-april-19-2017-4

18 Apr

Digital Look

Accendo Markets analyst Mike van Dulken said: “Geopolitical concerns may be off the boil and safe haven assets off their best, but they continue to simmer be it from a nuclear standpoint on the North Korean peninsula or politically in France and Turkey and across the Atlantic with the US Treasury secretary suggesting Healthcare bill problems will delay tax cuts.”
http://www.digitallook.com/news/market-report-opening/london-open-stocks-edge-lower-as-traders-return-from-easter-break–2625025.html

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

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