Accendo Press Quotes - Week Ending August 4

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Accendo Press Quotes – Week Ending August 4

4 Aug

Guardian

Mike Van Dulken of Accendo Markets says there is “unrelenting US dollar weakness” right now.
https://www.theguardian.com/business/live/2017/aug/04/us-dollar-grand-jury-non-farm-payroll-jobs-business-live

3 Aug

Pound Sterling Live

BoE Chief Economist Andy Haldane teased markets after last month’s policy update, suggesting he was close to jumping the fence vote for a rate hike in light of overheating inflation,” says Michael van Dulken, Head of Research at Accendo Markets. “This has served to send GBP lower, compounded by a trimming of 2017 and 2018 growth forecasts and no suggestion that market expectations for rates to start rising in Q3 2018 were unrealistic.”
https://www.poundsterlinglive.com/eur/7266-gbp-to-eur-exchange-rate-decline-justified

2 Aug

Digital Look

Mike van Dulken at Accendo Markets suggested several reasons why the share price had surged, topped by the fact that sales growth “is an endangered species on the high street” amid fierce online competition and that the increased guidance on surplus cash generation “means potential for greater dividend income” from Next’s existing 4% yield.
https://www.digitallook.com/news/news-and-announcements/next-sales-continue-to-unravel-in-second-quarter–2800706.html

1 Aug

Armchair Trader

Accendo Markets Analyst, Mike van Dulken noted “Strong performances from Goldman Sachs, Home Depot and 3M offset losses for DuPont, lifting the 30 stock index by 60 points, while Tech names again weighed on both the Nasdaq and S&P500, the former underperforming as result lift the latter to close just shy of breakeven.”
https://www.thearmchairtrader.com/news/positive-earnings-results-lift-the-UK Index

31 July

Digital Look

Accendo Markets analyst Henry Croft said: “In focus today will be the July estimate of eurozone CPI, given particular pertinence after Germany’s equivalent data beat expectations on Friday. The latest inflation reading will be closely scrutinised by the ECB after very little information was offered by President Draghi on how soon policymakers may look to taper their quantitative easing programme. Will an upside beat excite hawks (Germany) once again?”
https://www.digitallook.com/news/market-report-europe/europe-open-stocks-edge-up-as-resources-gain-cpi-in-focus–2794490.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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