10 Nov

Armchair Trader (Link)

• “That sentiment was echoed with US equities which closed lower yesterday, “retreating from record highs as concerns that the Republican Tax reform could be delayed weighed on wider sentiment.” noted Accendo Markets analyst, Mike van Dulken.”

9 Nov

Reuters (Link)

• “The focus in more on the strategy update. That just highlights the fact that outlook trumps everything, really, even when the results themselves were OK,” said Mike van Dulken, head of research at Accendo Markets. “We buy shares for optimism of growth pulling the shares higher. If there’s delay to that, it’s going to sap demand for the shares.”

8 Nov

CityWire (Link)

• Mike van Dulken, head of research at Accendo Markets, said the move was ‘sure to face intense competition scrutiny, for fear of both the Competition and Markets Authority and Ofgem not showing enough teeth on behalf of the UK consumer’. ‘With SSE reporting a 40% drop in profits and market share data showing steadily falling market shares for both as smaller operators do similar harm to the discount grocers, albeit without spicing up price competition as much, the attraction of the deal is difficult to question. The ability to get it signed off, however, is another story entirely.’

7 Nov

Armchair Trader (Link)

• US equity markets started the week on a now familiar positive note, “with all three major indices closing at fresh record highs as a spate of proposed M&A deals lifted stocks” suggested Accendo Markets analyst, Mike van Dulken. “Once more, the Tech-focused Nasdaq outperformed peers as investors digest the Broadcom/Qualcomm merger talks, while the reporting of a potential Disney/21st Century Fox led to the former helping the Dow Jones while the latter climbed 10%, aiding the S&P 500.”