As indices hit all-time highs on both sides of the Atlantic, there’s one noticeable absentee; the UK’s UK Index has flirted with the 7400 mark since Wednesday, but failed to join the German DAX and US indices the S&P 500 and Nasdaq at the highest level in history. But could a deluge of corporate and macroeconomic releases…
12 May Digital Look Sentiment was stronger despite the worst losses in three weeks overnight on Wall Street as disappointing results from department store Macy’s fuelled fears that Friday’s US retail sales report might provide another example of hard growth data being at odds with soft surveys data, said analyst Mike van Dulken at Accendo…
Macro observations It was a win for Emmanuel Macron, plus some well-deserved redemption for political pollsters, as the market-preferred centrist candidate took the French Presidency decisively. However, despite defeating the staunchly anti-EU Marine Le Pen – who famously had threatened to remove France from the area’s single currency – by 65% to 35%, FX markets have…
It’s been a tough week within the commodity space. Unless you were already short of oil and precious metals, hoping for an extension of mid-April downtrends. Or managed to call the bottom and profit from oil’s 5% rebound. Or called a swift bearish reversal in copper and iron ore that dragged peer metals and their…
This weekend sees the culmination of the most important election of 2017 so far, with France, one of the EU’s remaining ‘big two’ economies, electing its new president. But the election won’t just be felt in France; Sunday’s vote has global implications, for equities, indices and foreign exchange markets alike. What could the repercussions of…
5 May CityWire ‘For loyal investors it’s a case of small mercies, after 2017 guidance was cut and 2018’s withdrawn so abruptly in January,’ said Mike van Dulken, head of research at Accendo Markets. http://citywire.co.uk/money/train-gains-as-pearson-soars-mands-lands-ex-asda-boss/a1013595 4 May Proactive Investors Mike van Dulken, head of research at Accendo Markets, commented: “Even Jan’s equivalent of a corporate…