1 Dec

Proactive Investors (Link)

• “The question now is whether this level [7,300] holds up or is merely a pause amid the bearish flag from recent 7580 highs towards September 7200 lows,” said Mike van Dulken, market analyst at Accendo Markets.

30 Nov

This Is Money (Link)

• Mike van Dulken, head of research at Accendo Markets, said that Marston’s underlying growth – with revenues up 10 per cent and profits 3 per cent higher – suggested margins got squeezed in the year and yet still growing.

29 Nov

Reuters (Link)

• Sterling’s slump in the immediate aftermath of the June 2016 Brexit vote to leave the European Union gave British dollar-earners groups an accounting-related boost but an opposite swing in the currency hurts them in a similar way. It “weighs on the UK blue-chip index by reducing the value of internationally denominated profits and dividend income,” Accendo Markets said to its to clients.

28 Nov

London South East (Link)

• Analyst Mike van Dulken at Accendo Markets said equities were extending their positive start to the week, as sentiment was supported by a positive OECD growth outlook and UK Banks passing the latest stress tests. “A stronger USD also plays a part on a combination of pre-released text from next Fed Chair Powell, ahead of his appearance in front of the Senate Banking committee, and hopes of tax reform. All the while we await Thursday’s OPEC make or break update on production cut extension,” he said.

27 Nov

The Armchair Trader (Link)

• US equity markets closed higher on a Thanksgiving-shortened Friday session with the S&P and Nasdaq both hitting new record highs. Accendo Markets analyst, Mike van Dulken noted “The Tech-focused Nasdaq outperformed on ‘Black Friday’, as a 2.6% rally for Amazon also aided the S&P. The 30-stock Dow Jones also finished higher as United Health and Visa contributed the most gains, offsetting Caterpillar weakness.”