Accendo Press Quotes - Week Ending 6 Jan

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Accendo Press Quotes – Week Ending 6 Jan

6 Jan

Digital Look

Mike van Dulken, head of research at Accendo Markets, said: “It’s the first Friday of the month meaning today’s focus will be the afternoon’s US jobs report, not so much for the notorious volatility-inducing non-farm payrolls (beware: yesterday’s ADP surprised to the downside) but for accompanying metrics. “The unemployment rate is seen ticking up from December’s nine-year low while wages growth accelerates, something which could imply rising inflationary pressures that force the Fed to hike more quickly in 2017.”
http://www.digitallook.com/news/market-report-europe/europe-open-equities-edge-lower-as-focus-shifts-to-us-payrolls-report–2425588.html

5 Jan

Reuters

“This latest positive update from a sector major adds to yesterday’s positive UK PMI Construction read and improving mortgage approvals data while the UK mortgage market remains highly competitive and government initiatives supportive,” said Mike van Dulken, head of research at Accendo Markets. “Although house price data does remain notoriously mixed, the post-Brexit crash foreseen by many simply hasn’t materialised and prices held up remarkably well.
http://uk.reuters.com/article/uk-britain-stocks-idUKKBN14P0YK

4 Jan

Telegraph

Mike van Dulken, of Accendo Markets, said the positive opening call in Europe comes “courtesy of solid gains for Wall St’s first session back and Asian equities advancing overnight. Solid US data has boosted optimism about global growth while Oil off its lows after yesterday’s $3/barrel sell-off (USD rally induced) is helping the general commodity space.”
http://www.telegraph.co.uk/business/2017/01/04/UK Index -100-struggles-set-new-peak-retail-stocks-falter-investors/

3 Jan

Bloomberg

“Equities are making a very positive start to 2017,” said Michael Van Dulken, head of research at Accendo Markets in London in a note to clients. “Investors have clearly retained their pre-Christmas bullishness, preferring to focus to the positives rather than dwell on political uncertainty.”
https://www.bloomberg.com/news/articles/2017-01-02/dollar-enjoys-new-year-as-yield-gap-most-since-99-markets-wrap

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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