Accendo Press Quotes - Week Ending 6 Oct

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Accendo Press Quotes – Week Ending 6 Oct

6 Oct

Proactive Investors (Link)

Mike Van Dulken, at Accendo Markets, reckons the real figure to watch out for in the non-farm payrolls will be wage growth. “With unemployment holding around lows, the real focus will be on wages growth. If this can hold at 2.5% annually, it supports recovering consumer inflation (and stable core), merely bolstering the likelihood of a Fed rate hike in December. Which markets have already priced in a 70% probability of,” he said in a note.

5 Oct

Armchair Trader (Link)

Over in the US, equity markets extended their positive closing streak to six sessions yesterday in addition to their tally of fresh record highs. Accendo Markets analyst, Mike van Dulken noted “That’s 42, 45 & 53 this year for the S&P, Dow and Nasdaq Comp, respectively.”
“Apple underperformed on reports of delayed iPhone X shipments until December. An oil price reversal also weighed on Energy while a big ISM Non-Manufacturing jump was at odds with a weak ADP print (lowest since Oct 16) ahead of tomorrow’s keenly watched Non-Farm Payrolls jobs report.”

4 Oct

MoneyObserver (Link)

However, according to Mike van Dulken, head of research at Accendo Markets, investors should still be cautious. While the dividend pay-outs can be taken as ‘evidence of management faith in the turnaround and recovery,’ he notes that ‘it does nothing to hide what is worryingly pedestrian UK Q2 growth of just 0.4 per cent for transactions and 0.3 per cent for volumes while like-for-like sales slow to 2.1 per cent from what may now prove a brief 2.3 per cent peak in Q1.’

3 Oct

ZoneBourse (Link)

Les marchés européens manquaient d’élan en début de séance “malgré les nouveaux records à Wall Street et une journée positive en Asie”, remarquent les analystes chez Accendo Markets.

2 Oct

Yahoo/AFP (Link)

“European bourses are starting the new quarter positively as US dollar strength and subsequent sterling and euro weakness help to aid the army of foreign earning and exporting names in the region,” said Accendo Markets analyst, Henry Croft.

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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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