Accendo Press Quotes - Week Ending June 9

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Accendo Press Quotes – Week Ending June 9

9 June

Telegraph

Mike van Dulken and Henry Croft at Accendo Markets explain: “A very positive opening call comes as UK Index investors embrace fresh GBP weakness following a hung parliament result from the UK election. Whilst this means uncertainty about the UK economy and of course Brexit negotiations, the index’s international exposure means it benefits from a FX translational standpoint. The prospect of a softer Brexit stance due to a coalition is also helping.”
http://www.telegraph.co.uk/business/2017/06/09/pound-has-rocky-night-shock-election-result-sees-markets-looking/

8 June

The Armchair Trader

Accendo Markets Analyst, Mike van Dulken commented “After Comey’s statement was released in full, major bourses rallied to trade close to session highs. Sectors heavily influenced by the ‘Trump trade’ – Healthcare, Banks – helped the Dow Jones rally 0.2%, outpacing the S&P500 (+0.1%), however the tech-focused Nasdaq outperformed, up 0.4%”
http://www.thearmchairtrader.com/news/the-uks-general-election-the-ecb-and-director-comey-set-the-tone

7 June

Reuters

“As a stand-alone bank, (Popular) was close to failing … and the failure of any bank, as we’ve seen in the past, can set of that chain of events where the whole banking sector gets freaked out, investors especially,” said Mike van Dulken, head of research at Accendo Markets.
http://uk.reuters.com/article/uk-europe-stocks-idUKKBN18Y0PE

6 June

The Armchair Trader

Accendo Markets Analyst, Henry Croft noted – “All three major bourses fell by less than 0.2%, with the Dow Jones outperforming despite Apple weighing following its new product launch, while the S&P500 fell by almost 3 point as Utilities dragged and the Tech-focused Nasdaq underperformed.”
http://www.thearmchairtrader.com/news/investor-focus-turns-to-thursdays-events

5 June

Business Insider UK

Henry Croft, a research analyst at Accendo Markets, says: “Helping sentiment is a rally for Crude Oil, coming as four Gulf States, including de facto OPEC leader Saudi Arabia, cut diplomatic ties with OPEC member Qatar over concerns about the country’s terrorist links. This is helping to offset a mixed lead overnight from Asian markets.”
http://uk.businessinsider.com/markets-open-june-5-ocado-jumps-on-international-deal-UK Index -near-record-high-2017-6

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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