Accendo Press Quotes - Week Ending 22 Sept

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Accendo Press Quotes – Week Ending 22 Sept

22 Sept

DigitalLook (Link)

Mike van Dulken at Accendo Markets said: “There have been no leaks as yet, but she is widely expected to address three issues – citizens’ rights, monies owed and a transition period – and bid farewell to the ‘no deal is better than a bad deal’ mantra. She will pledge stronger legal protection for the existing 3m EU citizens in the UK after March 2019, something that has resulted in much uncertainty. She is unlikely to put a number on settling the fabled ‘divorce bill’, but is expected to ensure no black hole in the EU budget during a two-year Brexit transition – the UK’s first official request for such a period.”

21 Sept

Armchair Trader (Link)

Over in the US, equity markets closed mixed on Wednesday after the Fed’s monetary policy update. Accendo Markets analyst, Mike van Dulken noted “the Nasdaq retreating from record highs while the Dow Jones and S&P 500 continued their recent impressive run of form.”

20 Sept

Telegraph (Link)

Accendo Markets head of research Mike Van Dulken commented on the hesitant markets this morning: “Equities are flat ahead of this evening’s Fed policy update, investors adopting their usual wait-and-see approach. However, with a rate hike seemingly off the table until year-end, and most expecting Yellen to fire the starting pistol on its balance sheet unwind (composition pre-announced), this may prove overly cautious.”

19 Sept

Economic Times India (Link)

Talking to ET Now, Michael Van Dulken, Accendo Markets, says Fed Funds Futures gives only a 3% chance of a rate hike on Wednesday against 47% chance in December.

18 Sept

City AM (Link)

“Carney… is sure to be scrutinised for further hints,” said Mike van Dulken and Henry Croft at Accendo Markets. “Thereafter it’s likely all about the US Federal Reserve’s mid-week policy update. Despite a jump in US inflation, markets do not expect a knee-jerk hike. Not without evidence of a sustained improvement. Obsession with the timing of the next US rate hike will, however, remain very much in evidence. Expect speculation to heighten both into and out of the scheduled press conference.”

« Back to Category

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

Comments are closed.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.