Accendo Press Quotes - Week Ending Apr 28

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Accendo Press Quotes – Week Ending Apr 28

28 Apr

CityAM

“Crude oil prices have bounced back from yesterday’s sharp sell-off (Brent >$52; WTI >$49), one that was driven by continued fears about rising US output following this week’s inventory data compounded by Libya bringing its largest oil field (Sharara) back on-line, merely adding to headwinds Opec already faces with its production cut efforts. Two-week downtrends yet to be overcome however,” said analysts at Accendo Markets.
http://www.cityam.com/263762/brent-crude-and-west-texas-intermediate-wti-oil-prices

27 Apr

Business Insider

“Nice ideas, but far from a done deal, merely adding to investor frustration about the lack of progress on all those election pledges that helped fuel risk appetite and markets to recent highs,” Mike van Dulken of Accendo Markets put it in his morning email.
http://uk.businessinsider.com/european-stock-market-moves-on-thursday-april-27-2017-4

26 Apr

Telegraph

Mike van Dulken, of Accendo Markets, said: “Calls for a flat UK Index open come in spite of Asian bourses following their US counterparts higher, the Nasdaq at a new record and the S&P hot on its heels fuelled by a decent earnings season thus far. Markets excited to hear what Trump has to say on Tax reform, giving him an opportunity to finally deliver on pro-growth policy, but conscious of having already failed miserably on Healthcare and little to show for his first hundred days.”
http://www.telegraph.co.uk/business/2017/04/26/european-shares-retreat-dollar-climbs-investors-await-trumps/

25 Apr

Nasdaq

There is “rising optimism about a tax reform announcement from Trump tomorrow that could revive the US reflation trade and global rally,” Mike van Dulken, head of research at Accendo Markets in London, said by e-mail.
http://www.nasdaq.com/article/european-equity-benchmarks-mixed-as-traders-await-trump-tax-plan-cm778375

24 Apr

Digital Look

Accendo Markets analyst Mike van Dulken said: “The assumption is that centrist Macron is victorious in a fortnight’s time, picking up supporters of Fillon, Hamon and Mélenchon. Pollsters may have been right this time, how things swing in the next two weeks is anyone’s guess. “Fresh talk of Trump tax hopes appear to have been tempered and markets still wary that aims will be elaborated on rather than actual policy progress, markets getting increasingly impatient for the latter, while the man himself concentrates on relationships with China and what to do with North Korea to keep us on our geopolitical toes.”
https://www.digitallook.com/news/market-report-midday/london-midday-stocks-rise-as-investors-bet-on-macron–2634660.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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