Accendo Press Quotes - Week Ending May 26

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Accendo Press Quotes – Week Ending May 26

26 May

Telegraph

Mike van Dulken, head of research at Accendo Markets, said the trading update would “put investors at ease regarding full year profits, management being able to reiterate guidance despite 2017 being a transitional year requiring investment and with a new chief at the helm”.
http://www.telegraph.co.uk/business/2017/05/26/sales-slip-restaurant-group-amid-turnaround-plan/

25 May

Armchair trader

Accendo Markets Analyst, Mike van Dulken noted – “This latest move higher comes as investors welcomed the hawkish Fed minutes from May, with expectations of a June hike increasing further. The Dow Jones saw Goldman Sachs contributing the most gains for the second straight session, while the Nasdaq again outperformed, up 0.4%.”
It’s the OPEC meeting that is likely to take centre stage today. Markets are expecting a 9-month extension to coordinated oil production cuts. The closing press conference is scheduled at 4pm this afternoon, but Mike van Dulken warned – “prepare for drama throughout the day as oil ministers fill the airwaves with commentary on the day’s discussions. A 9-month cut extension has been talked up so much that anything less will likely be a disappointment. Watch Oil prices.”
http://www.thearmchairtrader.com/news/opec-meeting-to-take-centre-stage

24 May

Telehgraph

Mike van Dulken, of Accendo Markets, said: “A mildly positive opening call comes as investors weigh up Moody’s credit downgrade for China on debt sustainability concerns, a lukewarm reception for Trump’s first budget (does it all add up?) as well as rising optimism ahead of tomorrow’s OPEC meeting (especially after more favourable US inventory data) and news of potential M&A in the soft commodity sector.”
http://www.telegraph.co.uk/business/2017/05/24/moodys-downgrades-china-first-time-since-1989-warns-financial/

23 May

Guardian

“Eurozone PMI data has been largely supportive, although optimism towards OPEC has faded, the usual conflicting comments emerging in the run-up to what markets hope will be a production cut extension, perhaps even a deepening of cuts,” Mike van Dulken of Accendo Markets said in an emailed note.
http://uk.businessinsider.com/european-markets-UK Index -100-explosion-ariane-grande-concert-manchester-arena-may-23-2017-5

22 May

Guardian

Mike van Dulken of Accendo Markets says: A positive opening call comes after a Wall St relief rally on Friday suggested investors putting last week’s political chaos behind them. Asian counterparts have also made a solid start to the week, buoyed by continued optimism towards Oil and Thursday’s OPEC meeting delivering a production cut extension and a hitherto un-eventful Trump visit to the Middle East.
https://www.theguardian.com/business/live/2017/may/22/rbs-shareholders-markets-trump-worries-greek-bailout-eurogroup-business-live?CMP=share_btn_tw

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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