13 Jan Business Insider Mike van Dulken at Accendo Markets said shareholders were “breathing a collective sigh of relief” on the share price jump.”This more than makes up for yesterday’s worrying near-6% pre-trading-update drop. It also reverses a poor start to the year that itself follows an annus horribilis which saw the shares plunge over…
6 Jan Digital Look Mike van Dulken, head of research at Accendo Markets, said: “It’s the first Friday of the month meaning today’s focus will be the afternoon’s US jobs report, not so much for the notorious volatility-inducing non-farm payrolls (beware: yesterday’s ADP surprised to the downside) but for accompanying metrics. “The unemployment rate is seen…
30 Dec Marketwatch Mike van Dulken, head of research at Accendo Markets, said there was “some reticence to take on additional risk on this final session of the year given the strong run that equity markets have had and the myriad political hurdles we face in 2017.” http://www.marketwatch.com/story/european-stock-set-for-first-yearly-slide-since-2011-2016-12-30 29 Dec Bloomberg “Having boosted markets yesterday, oil’s…
23 Dec Digital Look Mike van Dulken and Henry Croft at Accendo Markets said: “The key data point on this shortened UK trading day will be UK Q3 GDP seen confirmed at 0.55% quarter-on-quarter and 2.3% year-on-year, the pace of growth slowing versus last quarter but accelerating over the year from 0.7%/2.1% in Q2. With…
15 Dec CityWire ‘Fresh Fed forecasts for three US rate hikes in 2017 was higher than consensus of just two, a number we had regarded as fair, with potential for an upgrade or downgrade mid-year without spooking investors,’ said Mike van Dulken, analyst at Accendo Markets. ‘Instead, we’re back to where we were this time last…
8 Dec Financial Times Mike van Dulken, head of research at Accendo Markets, said the profits warning was “an unwelcome early Christmas present”. “Shrinking the group may well lead to long-term improvements in profitability, but it also means more restructuring and more exceptional costs in the quarters to come. Further government-inspired Brexit uncertainty and clients shying…