2 Dec

This is Money

• Michael van Dulken, at Accendo Markets, said: ‘Equities are under pressure into the weekend, understandable with a line-up of risk events that kicks off with the US jobs report this afternoon, seen sealing the deal for a Fed rate hike on December 14. ‘Thereafter, it’s all about European politics with Sunday’s Italian referendum likely impacting both domestic and Eurozone banks come Monday and Austria’s presidential election seen delivering the first Far right head of state in Western Europe.’

• http://www.thisismoney.co.uk/money/markets/article-3993072/UK Index -LIVE-Footsie-clocks-fresh-losses-weak-session-Asia.html

1 Dec

Guardian

• Mike van Dulken of Accendo Markets says trader are ignoring concerns that the deal may not stick (especially if non-Opec members don’t agree their own cuts). “Long-term apprehension surrounding the deal (and the potential for a pick-up in US shale production) will be thrown to the back of investors’ minds as Brent regains a $52 handle and US Crude fast approaches $50 per barrel. How long can the post-deal rally last?”

• https://www.theguardian.com/business/live/2016/dec/01/oil-price-brent-crude-opec-cut-eurozone-italy-business-live

30 Nov

Digital Look

• Mike van Dulken at Accendo Markets said Barclays shares were the standout performer, despite a capital shortfall and being more exposed to investment banking and international. “Then again remember this is all based on stress tests started in March, when the world was a very different place. I wonder what things will look like next year when the BoE stresses for a bad Brexit scenario and all the other political risk events we face across Europe,” he said.

• http://www.digitallook.com/news/news-and-announcements/rbs-barclays-and-standard-chartered-fail-stress-tests–2331108.html

28 Nov

Reuters

• “(With) continued production cut brinkmanship from both OPEC and Russia, scepticism is still rife about whether tomorrow’s official OPEC meeting in Vienna will be a success,” said Mike van Dulken, head of research at Accendo Markets.

• http://uk.reuters.com/article/uk-britain-stocks-idUKKBN13O164?il=0

28 Nov

CNBC

• “Fears are that an Italian dissent and resulting market turmoil would dissuade already gutsy investors from daring to participate in desperately needed recapitalisations ” Mike van Dulken, head of research at Accendo Markets, wrote in a note on Monday. “If they don’t Brussels may be forced to step in and wind them up, whatever the cost to all investor, not just shareholders. This is serving to revive memories of the dark days of the euro zone debt crisis with risk that financial contagion fear spreads across the continent like wildfire.”

• http://www.cnbc.com/2016/11/28/european-stocks-oil-prices-slip.html