Accendo Press Quotes - Week Ending June 23

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Accendo Press Quotes – Week Ending June 23

23 June

DigitalLook

“A negative opening call for European equities comes a after a mixed stateside session, and slim gains in in Asia overnight. Investors may be sceptical of the latest oil price bounce, having been here several times lately but continually failing to overcome a downtrend channel amid global oversupply,” said analysts Mike van Dulken and Henry Croft at Accendo Markets.
https://www.digitallook.com/news/market-report-europe/europe-open-mixed-pmis-and-weakness-in-overseas-stocks-drags–2737222.html

22 June

Reuters UK

“What didn’t help were those conflicting comments from OPEC … and Iran. They need to be singing from the same hymn sheet if we are to believe that there’s positivity to be taken from these cuts while the U.S. continues to produce more and the rig-count goes up,” Mike van Dulken, head of research at Accendo Markets, said. “As we saw yesterday, even a drawdown in stockpiles offered absolutely no help because it just added to the murky outlook.”
https://uk.reuters.com/article/uk-europe-stocks-idUKKBN19D0NM

21 June

IFA Magazine

Analysts Mike van Dulken and Henry Croft at Accendo Markets told their clients this morning: “MSCI finally including some China mainland stocks (A-shares) in its indices, thereby obliging $1.6tn of tracker funds to hold the shares, has done little to boost investor mood. It had been on the cards for years, many of those included were already available via the new HK trading links and they will still only represent a small portion (0.7%) of MSCI’s flagship index.”
https://www.ifamagazine.com/ifa/chinese-companies-become-relevant-today/

20 June

The Telegraph

Mike van Dulken, of Accendo Markets, said: “Equity indices are flat-to-positive this morning. Germany’s DAX outperforms thanks to EUR/USD weakness derived from hawkish Fed chat boosting USD. Merkel stretching her lead in polling for September’s election may also be helping, adding to Eurozone stability. A flat UK Index has retraced early gains as weak Sterling regains composure following BoE Governor Carney’s dovish speech.”
http://www.telegraph.co.uk/business/2017/06/20/pound-slips-bank-england-governor-mark-carney-chancellor-philip/

19 June

Business Insider

Mike van Dulken and Henry Croft, analysts at Accendo Markets, say in a morning note: “A positive opening call comes as traders welcome another Macron victory in France, this time in Parliamentary elections, which give hope to him passing reforms that can help both the French economy and thus Europe. “There is also optimism about a positive start to UK-EU Brexit negotiations which kick off today in Brussels. The GBP may be off its lows, but not proving a UK Index hindrance yet.”
http://uk.businessinsider.com/european-markets-june-16-greek-debt-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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