Accendo Press Quotes - Week Ending July 7

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Accendo Press Quotes – Week Ending July 7

7 July

Digital Look

“This follows another bond market sell-off that again proved contagious for equities, investors digesting hawkish ECB minutes and prepping for further withdrawal of global easy money policy; tapering of ECB QE, unwind of Fed’s balance sheet,” said Mike Van Dulken at Accendo Markets. “Maybe even a UK rate hike.”
https://www.digitallook.com/news/market-report-opening/london-open-UK Index -slips-towards-two-month-lows-as-data-eyed–2758854.html
6 July

Telegraph

Mike van Dulken, of Accendo Markets, said: “Equities are nursing losses as positive comment from ECB members and expectations of hawkish ECB minutes at 12.30pm dent the UK Index and DAX. This is due to a stronger EUR pushing USD lower, and thus GBP higher, hurting their international contingents. Oil is clawing back lost ground, along with metal prices, but FX moves are driving sentiment.”
http://www.telegraph.co.uk/business/2017/07/06/markets-braced-turbulent-g20-summit-oil-regains-momentum-us/

CityAM

“Gold is back from its $1,229 overnight best,” said Mike van Dulken, head of research at Accendo Markets. “However, it has still managed to extend its rebound from seven-week lows after a joint military exercise between the US and South Korea, and has potential to revisit $1,230.”
http://www.cityam.com/267878/investors-pile-safe-haven-gold-after-north-koreas-missile

4 July

FoxBusiness

“Energy [and] metals prices (especially copper and iron ore, and safe-haven gold) have turned back from their recent highs on account of a [dollar] bounce,” said Accendo Markets analysts in a note.
http://www.foxbusiness.com/features/2017/07/04/london-markets-UK Index -100-falls-back-into-red-as-oil-majors-and-miners-decline.html

3 July

Interactive Investor

Mike van Dulken of Accendo Markets said European markets were following largely negative Asian trading due to tensions over North Korea and a mixed US session ahead of the stateside market being closed for the Independence Day holiday on Tuesday. “Investors also continue to digest what is considered a more hawkish and coordinated central bank outlook, in spite of all the macro-economic data ducks not quite being in a row,” added van Dulken.
http://www.iii.co.uk/alliance-news/1499154072151313700-3/london-market-open-stocks-down-but-sainsbury-s-up-with-sales-increase

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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