Accendo Press Quotes - Week Ending 4 May 2018

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Accendo Press Quotes – Week Ending 4 May 2018

4 May

Interactive Investor

“The higher open comes “as traders prepare for the outcome of US-China trade talks (so far so good says US Trade Sec Mnuchin) and gear up for this afternoon’s US jobs report, which has potential to revive hawkishness about Fed rate hikes if wage growth is strong, pushing USD higher and GBP lower,” said Michael van Dulken, head of research at Accendo Markets.
http://www.iii.co.uk/alliance-news/1525419281590881100-3/london-market-open-iag-and-hsbc-top-and-tail-UK Index -100-us-jobs-ahead

3 May

Interactive Investor

“The question remains whether Smith & Nephew can improve revenues here enough,” said Accendo Markets analyst Artjom Hatsaturjants. “After all, cutting guidance so early in the year implies quite a disappointment”.
http://www.iii.co.uk/alliance-news/1525354316139708700-3/extra-smith-nephew-cuts-guidance-as-ceo-ends-tenure-on-sour-note

2 May

Interactive Investor

“This [higher London open] derives from potential for a hawkish Fed statement to keep upward pressure on USD and thus downward pressure on GBP (in addition to that from Westminster and Brexit) to assist UK blue-chips,” said Michael van Dulken, head of research at Accendo Markets.
http://www.iii.co.uk/alliance-news/1525246636106315500-3/london-market-open-paddy-power-update-disappoints-uk-pmi-fed-ahead

1 May

Financial Times

Investors were “gobbling up” news of a “smorgasbord of positive Q1 results”, said Artjom Hatsaturjants, analyst at Accendo Markets. “Investors are clearly ignoring concerns about spending to bolster delivery capabilities, which could yet risk dragging Just Eat into an intense price competition with rivals such as UberEats and Deliveroo, at the expense of profit margins,” he added.
https://www.ft.com/content/731e7b7c-4d30-11e8-8a8e-22951a2d8493

30 April

Reuters

“Helping sentiment is fresh GBP weakness. This is derived from political uncertainty, both from a shift in Brexit influence within Theresa May’s Cabinet (replacement Home Secretary Sajid Javid being pro-Breixit while Amber Rudd, who resigned following an immigration scandal, is anti) and continued difficulties with the North Irish border,” Accendo Markets said.
https://uk.finance.yahoo.com/news/live-markets-momentum-loses-mojo-152222960.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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