Accendo Press Quotes - Week Ending 18 Nov

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Accendo Press Quotes – Week Ending 18 Nov

18 Nov

Telegraph

Mike van Dulken, of Accendo Markets, said: “Calls for a positive open in Europe come thanks to Fed Chair Janet Yellen sending the USD through the roof by suggesting a December rate hike could be appropriate ‘relatively soon’, which markets take as next month. The reciprocal of this – a weaker GBP and EUR – are thus helping sentiment towards the UK’s UK Index and German DAX, helping the army of internationally exposed corporates on the former, and exporters on the latter, even if dollar-denominated commodity prices are being hindered.”
http://www.telegraph.co.uk/business/2016/11/18/euro-suffers-longest-losing-streak-on-record-on-divergent-policy/

17 Nov

Telegraph

Mike van Dulken, of Accendo Markets, said: “Macro data of note includes UK October Retail Sales and the potential for a forecast growth rebound to suggest all is fine and dandy this Autumn, in spite of the referendum, everyone out buying heavy coats as the cold starts to bite in the run-up the key Christmas period.”
http://www.telegraph.co.uk/business/2016/11/17/UK Index -100-edges-higher-and-pound-remains-below-125-as-investors-e/

16 Nov

BBC

[European] equities are nursing small losses [today] as excitement eases about US Trumpflationary policies representing a turning point and looming political risk in Europe attracts fresh attention. An Italian referendum on constitutional reform could see PM Renzi ousted. Austrian elections (third attempt) could see the far-right Freedom Party take power. Both take place on 4 December and, after Brexit and Trump, could add important populist precedents ahead of 2017 French and German elections given rising popularity for Le Pen’s National Front and the Alternative for Germany party, respectively. Mike van Dulken, Head of research at Accendo Markets
http://www.bbc.co.uk/news/live/business-37949971

15 Nov

Digital Look

Accendo Markets’ Mike van Dulken and Henry Croft noted that a push from Algeria, Qatar and Venezuela to settle disagreements between heavyweight producers Saudi Arabia, Iran and Iraq has helped investor confidence. “However, will this short term-boon be quickly overshadowed by renewed conflict between the notoriously argumentative cartel?” they pondered.
http://www.digitallook.com/news/commodities/commodities-crude-charges-north-on-hopes-of-opec-output-cut–2286940.html

14 Nov

Evening Standard

“Investors appear to like the less-controversial character who has addressed the media since winning,” said Mike van Dulken, head of research at Accendo Markets.
http://www.standard.co.uk/business/market-report-playtech-calls-house-early-with-120-million-finance-plunge-a3394951.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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