Accendo Press Quotes - Week Ending July 28

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Accendo Press Quotes – Week Ending July 28

28 July

The Telegraph

Sentiment this morning has been dented by fresh dollar weakness “delivering more unwelcome pound and euro strength” to European equity markets, according to Accendo Markets head of research Mike Van Dulken. The pound has nudged up 0.2pc against the dollar today, trading at $1.3090.Copper coming off this week’s highs to hit miners and the banking stocks edging down on Barclays’ results have kept the UK 100 firmly in the red, Mr Van Dulken added.
http://www.telegraph.co.uk/business/2017/07/28/pound-pulled-different-directions-strong-french-gdp-growth-trumps/

27 July

The Armchair Trader

Accendo Markets Analyst, Mike van Dulken added “UK Index corporate news this morning included Anglo American resuming dividend payments earlier than expected while St James’ Place raised its payments by 25%. Royal Dutch Shell profits have surged on higher oil prices, while AstraZeneca reported good results but also a cancer drug set-back. Glencore Copper production fell in H1.”
https://www.thearmchairtrader.com/news/pound-benefits-from-yesterdays-fomc-update

26 July

Digital Look

Accendo Markets analyst Mike van Dulken said: “Equities are holding this morning’s gains, seemingly confident that this evening’s Fed statement won’t offer up anything to derail bullish sentiment from earnings season.”
https://www.digitallook.com/news/market-report-europe/europe-midday-stocks-extend-gains-as-investors-mull-earnings-fed-eyed–2787563.html

25 July

The New York Times

“We’re at that difficult junction in the middle of the year where we’ve rallied, we’ve done well, (we’re) starting to accept that central banks are normalising more, but we haven’t actually seen much more,” Mike van Dulken, head of research at Accendo Markets, said. “So are people starting to question the macro environment a bit more than they were?” van Dulken added.
https://www.nytimes.com/reuters/2017/07/25/business/25reuters-europe-stocks.html

24 July

LSE

Analyst Michael van Dulken at Accendo Markets said the UK Index , having broken through support at 7,430 could head all the way to 7,360 “at the very least”, based on technical levels. “In focus today will be OPEC and non-OPEC producers meeting in St Petersburg as they plot their next move to address falling oil prices on account of the global supply glut,” he said.
http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode=26219444&ArticleHeadline=London_open_Stocks_wobble_at_start_of_result_season_IMF_downgrades

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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