19 Aug

Citywire

• Equities are on the back foot into the end of what has been a week of reversal from post-Brexit highs,’ said Mike van Dulken, head of research at Accendo Markets. ‘Markets remain hopeful that the generous monetary policy circus still has life left in it to fuel the tandem rally of both equities and bonds, with the current stock correction likely overdue. The UK 100 is testing recent lows of 6,850, with potential for a breakdown to extend the sell-off from Monday’s 14-month highs.’
• http://www.telegraph.co.uk/business/2016/08/19/from-bear-to-bull-market-in-16-days-oil-hits-highest-level-since/

18 Aug

Morningstar/Alliance News

• “Investors appear to be interpreting last night’s inconclusive July Fed minutes … as suggesting another US rate hike was not imminent and that easy policy – from a global standpoint – is here to stay,” commented Accendo Markets analyst Michael van Dulken.  The analyst added that “whatever happens, the pace of any future US rate rises is almost certain to be very slow, especially while central banks do the polar opposite, printing money and cutting rates to kick start their own economies. So party on!”
• http://www.telegraph.co.uk/business/2016/08/19/from-bear-to-bull-market-in-16-days-oil-hits-highest-level-since/

17 Aug

Herald Scotland

• ANALYSTS at Accendo Markets have a penchant for the theatrical when commenting on big economic developments. Take Augustin Eden’s piercing verdict over how the UK 100 and US Dow Jones indices are responding to monetary stimulus policies. In a recent note to investors, which followed a rise in both markets, Mr Eden stated witheringly that the indices are “crawling northwards like the hopeless stimulus addicts they are”.
• http://www.heraldscotland.com/business/14688753.The_Bottom_Line/

16 Aug

Reuters

• “(Antofagasta’s) shares are up … thanks to a handful of drivers including management putting investors at ease with reaffirmation of higher output guidance for the full year, even if it looks to be eyeing the lower end of the range,” Mike van Dulken, head of research at Accendo Markets, said in a note.
• http://uk.reuters.com/article/uk-britain-stocks-idUKKCN10R0QP

15 Aug

Telegraph

• Mike van Dulken, of Accendo Markets, said: “A northerly opening call for equities comes following a largely positive session in Asia overnight with Japan’s Nikkei the only blemish in the early part of the new trading week. This is on the back of a weak GDP report from Japan (blame a strong Yen) that adds to disappointments from the US and China last week (note China rallying 3pc – stimulus hopes?). “While this may add fuel to the fire of concerns about global economic health and/or strength of recovery, it can also be seen as keeping the pressure on the Bank of Japan (BoJ) to into yet more stimulus in the wake of an already sizeable fiscal promise from Tokyo.”
• http://www.telegraph.co.uk/business/2016/08/15/UK Index -100-inches-higher-but-pound-remains-below-130-as-japans-eco/