Accendo Press Quotes - Week Ending 11 Nov

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Accendo Press Quotes – Week Ending 11 Nov

11 Nov

Digital Look

“Equity markets are voting risk-off into the weekend, perhaps worried about what a two-day break could deliver in terms of news about Trump’s team and his plans once in office. A correction from post-election highs is, however, no surprise. We rallied for six days after Brexit before pausing for breath. And that precedent means everything happening much quicker this time,” said Head of Research at Accendo Markets Mike Van Dulken.
http://www.digitallook.com/news/market-report-europe/europe-midday-stocks-mixed-amid-investor-uncertainty-over-trump–2270362.html

10 Nov

Guardian

Mike van Dulken of Accendo Markets says the market rally is based on: “…an reassessment of views about Trump and belief that a more Presidential individual is already replacing the highly divisive candidate character he merely portrayed in order to appeal to American frustration and win the populist vote. Markets are demonstrating an impressive ability to digest significant political change and move on, even quicker than we saw in the immediate aftermath of the UK’s Brexit vote.”
https://www.theguardian.com/business/live/2016/nov/10/markets-rebound-investors-welcome-trump-plans-us-election-liven/

9 Nov

Independent

“Less chance of a Fed rate hike also helps keep investors smiling at the prospect of cheap money and accommodative global monetary policy stance for a while longer,” said Mike van Dulken, an analyst at Accendo Markets.
http://www.independent.co.uk/news/business/news/donald-trump-dollar-value-drop-rise-president-wins-currency-exchange-markets-a7406851.html

8 Nov

Telegraph

Mike van Dulken, of Accendo Markets, said: “A negative opening call comes as no surprise with US voters heading to the polls for what is the most difficult to call and controversial stateside presidential race in history. Asian markets have struggled for traction overnight, unable to build on Monday’s gains, with momentum fading. Memories of a surprise Brexit result are too fresh to ignore at this late stage and polls so tight.Even less bad China trade data isn’t enough to overpower the political risk that financial markets are facing over the next 24 hours. Surprisingly poor September German Industrial Production growth won’t help Eurozone sentiment, although UK BRC Retail Sales figures continue to dispel Brexit fears, growth accelerating in October.”
http://www.telegraph.co.uk/business/2016/11/08/dollar-steady-as-world-markets-cautiously-optimistic-of-clinton/

7 Nov

The Guardian

Henry Croft of Accendo Markets says the rally is triggered by Hillary Clinton getting the all clear from the FBI for a second time. “Polls are indicating Clinton pulling away slightly, although her lead remains well below the levels pre-FBI investigation. The election will be the driving force for markets before Wednesday morning”
https://www.theguardian.com/business/live/2016/nov/07/stock-markets-shares-us-dollar-fbi-clears-clinton-emails-trump-business-live

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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