Accendo Press Quotes - Week Ending 7 Oct

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 7 Oct

7 Oct

Express

Mike van Dulken, of Accendo Markets, said: “A positive UK Index open is rather perversely derived from a 6pc overnight flash crash in GBP that has provided the UK index with another currency fillip for its overseas-exposed contingent.”
http://www.express.co.uk/finance/city/718601/UK Index -100-soars-near-record-levels-Brexit-business-boom-finance-Sterling-pound-value

6 Oct

This is Money

Mike van Dulken, head of research at Accendo Markets, said: ‘Investors are taking flight following a FY 2016 profits warning pinned on a weak GBP hindering UK holidaymakers, terror events denting bookings, flight disruption due to strikes across Europe and a still uncertain economic outlook.’
http://www.thisismoney.co.uk/money/markets/article-3824806/EasyJet-blames-Brexit-terror-attacks-air-traffic-control-strikes-lost-profit-shares-sink.html

5 Oct

Marketwatch

Analysts cautioned, however, that the rebound may run out of steam.“A mild rally overnight may be short-lived if further [dollar] strengthening occurs today in reaction to speeches from European leaders [U.K. Prime Minister Theresa] May and [German Chancellor Angela] Merkel,” said analysts Mike van Dulken and Henry Croft at Accendo Markets, in a note.
http://www.marketwatch.com/story/gold-rebounds-from-sharp-selloff-but-rally-is-seen-as-short-lived-2016-10-05

4 Oct

Telegraph

Mike van Dulken, of Accendo Markets, said: ” Investor sentiment suggests investors
struggling with fresh Brexit concerns now that a timetable has been anno unced versus some positive Asian macro data. Note any further GBP weakness could give the UK Index another boost today.”
http://www.telegraph.co.uk/business/2016/10/04/pound-dives-to-31-year-low-and-UK Index -100-smashes-7000-as-brexit-w/

3 Oct

BBC News

Henry Croft, Research Analyst at Accendo Markets, said “As a result of Prime Minister May’s announcement … the pound has weakened significantly, which is actually seen as a good thing by the UK 100 as it’s quite an export-heavy index.”
http://www.bbc.co.uk/news/business-37538459

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.