Accendo Press Quotes - Week Ending 22 June 2018

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Accendo Press Quotes – Week Ending 22 June 2018

Friday, 22 June

Reuters

“Trade tensions remain the dominant theme, clarity still lacking about how far things will ultimately go between U.S. and China, and the potential ripple effect for world trade,” said Mike van Dulken and Artjom Hatsaturjants at Accendo Markets.
https://uk.reuters.com/article/uk-britain-stocks/trade-and-rate-worries-set-UK Index -for-fifth-week-of-losses-idUKKBN1JI0YU

Proactive Investors

“The UK Index is supported by oil prices off their lows into today’s OPEC production decision meeting, which could help Energy heavyweights,” said Mike van Dulken, analyst at Accendo Markets.
http://www.proactiveinvestors.co.uk/companies/market_reports/199366/UK Index -100-up-78-points-brent-crude-advances-147-199366.html

Thursday, 21 June

ZoneBourse

“Le principal facteur derrière la hausse du UK Index est l’accès de faiblesse de la livre avant une décision importante de politique monétaire de la Banque d’Angleterre”, soulignent les analystes chez Accendo Markets.
https://www.zonebourse.com/actualite-bourse/Londres-aidee-par-la-livre-avant-la-Banque-d-Angleterre–26801521/

Wednesday, 20 June

Financial Times

Artjom Hatsaturjants, research analyst at Accendo Markets, said Berkeley may be the “canary in the housing mine”, adding: “At a time when housebuilders are delivering one profits warning after another, investors are quite rightly factoring in a less profitable future.”
https://www.ft.com/content/7b524d34-7452-11e8-aa31-31da4279a601

Reuters

“Calls for a positive start come after a turnaround in sentiment in Asia overnight thanks to investors calming their fears about the current US-China trade tariff dispute,” said Mike van Dulken and Artjom Hatsaturjants at Accendo Markets.
https://uk.finance.yahoo.com/news/UK Index -rebounds-trade-worries-ease-085327246.html

Tuesday, 19 June

Market Watch

The outlook for the high street could get tougher to call, Mike van Dulken, head of research at Accendo Markets, said. Consumer confidence could take a further hit due to uncertainty about the U.K.’s exit from the European Union and a possible interest rate hike from the Bank of England that would see borrowing costs increase, he added.
https://www.marketwatch.com/story/uk-retailer-shares-tumble-on-profit-warnings-2018-06-19

Daily Express

Mike van Dulken of Accendo Markets said: “Global sentiment is on the back foot amid signs that neither side will back down, potentially taking global commerce a step closer to an unwelcome trade war.”
https://www.express.co.uk/finance/city/976352/Pound-US-dollar-exchange-rate-GBP-USD-currency-down-low

Monday, 18 June

Proactive Investors

“Today’s share price moves are considerably more muted to the original market reaction (VM shares were +9.89% on 8 May, first trading day after merger offer), suggesting that traders pretty much accepted the CYBG offer as a done deal and priced in much of the implied upside,” said Artjom Hatsaturjants, research analyst at Accendo Markets.
http://www.proactiveinvestors.co.uk/companies/news/199000/virgin-money-agrees-17bn-takeover-by-cybg-199000.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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