4 Nov

Marketwatch

• The loss “comes down to….politics, politics everywhere [with] investors concerned about the outcome of the U.S. election next Tuesday, what the U.K. High Court ruling means for Article 50 and Brexit and a lively French presidential debate before primary elections in two weeks,” said Accendo Markets analysts Mike van Dulken and Henry Croft in a note.
  
• http://www.marketwatch.com/story/UK Index -100-slides-under-pressure-from-stronger-pound-and-political-angst-2016-11-04

3 Nov

The Telegraph

• Mike van Dulken, of Accendo Markets, said: “US bourses extended their pre-Election jitter losses to nine straight sessions and risk appetite remained dampened in Asia overnight, benefiting the usual suspect safehavens Gold and the Japanese Yen. The US Federal Reserve making stronger gestures to a December rate hike hasn’t made matters easier, even if  – as always – it left itself with another wiggle room to delay its next hike into 2017  (“..case has continued to strengthen, but waiting for further evidence”.)”With Japanese bourses closed for Culture day, Australia’s ASX is just in the red, faring relatively well thanks to strong macro data and Energy names benefitting from an oil price bounce. Its Mining space is also supported by dollar-denominated metals (base and precious) holding up well, helped by election uncertainty and the weaker US currency. Further improvement in China PMI Services data also helps given it is the Aussies’ biggest trading partner.”
• http://www.telegraph.co.uk/business/2016/11/03/pound-smashes-123-ahead-of-brexit-high-court-verdict-and-bank-of/

2 Nov

Guardian

• Mike van Dulken & Henry Croft at Accendo Markets explain: “Anxious investors the world over are pricing in an even tighter US election race, with increased fears of a Trump win next week and the political, economic and market uncertainty that would surely ensue. The probability of a Clinton win may remain high but a blindside Brexit result is also still very fresh in the memory of market participants.”
• https://www.theguardian.com/business/live/2016/nov/02/us-election-uncertainty-stock-markets-uk-construction-federal-reserve-live

1 Nov

Evening Standard

• Mike van Dulken at Accendo Markets, said: “Shares in Asia-focused Standard Chartered are leaking most on the UK 100 this morning after Q3 profits missed consensus. “Management highlighting still elevated loan impairments and expectations for markets to remain challenging is a message investors don’t want to hear.”
• http://www.standard.co.uk/business/standard-chartered-takes-a-plunge-after-its-profits-disappoint-a3383891.html

31 Oct

The Telegraph

• Mike van Dulken, of Accendo Markets, said ‘pantomine season’ has started early.
• “Calls for a down day come after a negative US close and a in spite of a pretty buoyant Asian start to the new week. With some major GDP data now under the bridge, investors are looking to the next best thing with market moving potential: central bank policy updates, and of course a US election just days away and the pantomime storyline taking another twist over the weekend (“the scandal’s behind you! Oh no it isn’t”).”
• http://www.telegraph.co.uk/business/2016/10/31/pound-edges-towards-122-amid-reports-bank-of-england-governor-ma/