1 Jul

Telegraph

•  Mike van Dulken, of Accendo Markets, said: “A positive opening call comes as the global post-Brexit vote rally got a shot in the arm via hopes (a borderline confirmation) of more stimulus from the Bank of England this summer to offset the economic impact of uncertainty related to the UK’s referendum result to leave the EU. And  while markets like the idea of more stimulus from any major central bank, they especially like the idea that a weak GBP sterling keeps the USD strong and thus fends off the Fed from a rate rise for a good while longer.”
• http://www.telegraph.co.uk/business/2016/07/01/UK Index -100-to-open-higher-after-rollercoaster-day-for-markets/

Digital Look

• Mike van Dulken, head of research at Accendo Markets, said: “While markets like the idea of more stimulus from any major central bank, they especially like the idea that a weak GBP sterling keeps the USD strong and thus fends off the Fed from a rate rise for a good while longer.”
• http://www.digitallook.com/news/market-report-europe/europe-open-stocks-edge-higher-on-stimulus-hopes–1231896.html

30 Jun

Business Insider Australia

• Mike van Dulken of Accendo Markets describes trading on Thursday as the “most tepid since last Tuesday,” adding that the relative calm “comes after another session of gains in both the US and Asia. This in response to UK blue-chips having retraced Brexit losses and markets appearing to take a reassuring look through near-term fears (political, economic, financial) on the premise that central banks will remain in low rates-and-stimulus-mode to help keep risk assets bid, even if it is at the expense of fixed income and despite the GBP still in the doldrums.”

29 Jun

Business Insider

• “It’s still unclear whether this is a dead-cat bounce or the real thing in terms of recovery, but with little signs of appetite for lows to be revisited, and for the bounce to have endured a third full session [in Europe],” the worst may be behind us, said Accendo Markets’ Mike van Dulken in morning commentary.
• http://uk.businessinsider.com/stock-market-update-june-29-2016-6

Marketwatch

• “Why are the markets up? [Isn’t the U.K] leaving the world’s largest trading bloc? Well, that’s the thing—not for a while, it seems,” wrote Augustin Eden, analyst at Accendo Markets, in a note. “Post-Brexit is years away, and the politicians are cleverly stalling the process of, er, starting the process.”
• http://www.marketwatch.com/story/us-stocks-poised-to-rise-again-as-brexit-worries-fade-2016-06-29

28 Jun

Guardian

• Mike van Dulken and Augustin Eden at Accendo Markets reckon that the markets may be calming down, pointing to the small recovery in the pound overnight. “Sterling is strengthening for the first time since Friday’s surprise referendum result on hopes policymakers are working to limit the economic fallout”
• https://www.theguardian.com/business/live/2016/jun/28/brexit-3-trillion-stock-markets-sterling-UK Index -business-live?page=with:block-5772283de4b0f4303810a5f5#liveblog-navigation

Marketwatch

• “An easing in USD strength is serving to buoy the all-important commodities space while some cautious optimism is creeping back into the new trading week,” said analysts at Accendo Markets in a note.“Expect economists’ outlooks over the coming days and weeks to dictate the direction of oil, however, a longer term slowdown in demand is seen as unlikely,” they added.
• http://www.marketwatch.com/story/oil-rebounds-after-brexit-fueled-selloff-as-optimism-creeps-back-2016-06-28

Express

• Mike van Dulken, of Accendo Markets said: “A positive opening call comes in spite of a mixed Asian session and negative US close after ratings agencies S&P and Fitch joined Moody’s in downgrading the UK’s credit rating post Brexit. “This and political woes sent GBP to fresh lows overnight but it has since bounced, strengthening for the first time since Friday’s surprise referendum result on hopes policymakers are working to limit the economic fallout.”
• http://www.express.co.uk/finance/city/684050/Brexit-recovery-Markets-stabilise-as-pound-rebounds-and-UK Index -100-recovers

27 Jun

Telegraph

• Mike van Dulken, Accendo Markets: “Equities are back pointing south again as markets struggle to digest Friday’s Brexit vote and what it means for the UK outlook and that of London-listed equities and the pound. Weekend political upheaval from both sides and a leadership vacuum has done little to calm investor nerves about the near term future, with the most sensitive stocks to the Leave vote – banks, property, airlines – getting another drubbing which has in some cases wiped out the recoveries seen on Friday from knee-jerk Brexit lows.”
• http://www.telegraph.co.uk/business/2016/06/27/george-osborne-to-speak-in-attempt-to-calm-markets-following-bre/

Straits Times

• “The fallout from the UK’s vote against EU membership continues to ripple through financial markets,” Accendo Markets analyst Mike van Dulken told AFP.
• http://citywire.co.uk/money/UK Index -and-pound-plunge-as-uk-votes-for-brexit/a925133

Dow Jones Newswires

• Shares in airline easyJet tumble 15.9% to 1167p as the company issues a ‘Brexit’-inspired profit warning. Accendo analyst Mike van Dulken says that the fear surrounding the U.K.’s impending exit from the European Union is the last straw. The company’s downcast 3Q 2016 projections see the convergence of long-term ‘Brexit’ fears, cancelled flights as a result of French strikes, Gatwick congestion, and severe weather. This comes after British Airways-owner International Consolidated Airlines Group issued a similar profit warning on Friday

Interactive Investor

• “The airline appears to capitulate in the face of mounting issues with Friday’s Brexit vote potentially being the straw that broke the budget airline’s back,” says Accendo Markets analyst Mike van Dulken. “The company now sees already-dented traveller confidence in the wake of terrorist incidents being further impacted by reduced consumer confidence following the UK’s vote to leave the European Union which is seen having economic, financial and political ramifications that are difficult to measure.”http://www.iii.co.uk/articles/332609/easyjet-shares-dive-2013-prices

Business Insider 

• Commenting on the movements in stocks on Tuesday morning, Mike van Dulken of Accendo Markets said that stocks are: “Well off Friday’s worst levels and having registered a breakout beyond short-term falling highs resistance, markets appear to have calmed into 6000: the mid-point of pre and post-Brexit best and worst. Bulls are looking for a break above yesterday’s 6130 highs to keep recovery alive.” The gain “comes in spite of a mixed Asian session and negative US close after ratings agencies S&P and Fitch joined Moody’s in downgrading the UK’s credit rating post Brexit,” van Dulken added in his morning email to clients.
• http://uk.businessinsider.com/european-stocks-on-tuesday-june-28-2016-eu-referendum-brexit-6