Accendo Press Quotes - Week Ending May 12

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Accendo Press Quotes – Week Ending May 12

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 Markets.
https://www.digitallook.com/news/market-report-opening/london-open-stocks-edge-higher-in-quiet-trade–2668828.html

11 May

CityAM

“A surprisingly big drawdown helped ease concerns about rising US production worsening the global supply glut that Opec cuts are trying to address,” said analysts at Accendo Markets.
http://www.cityam.com/264507/oil-prices-bounce-confidence-rises-opecs-supply-cuts

10 May

Business Insider

“Note Trump throwing another spanner in the works by firing FBI director Comey, begging questions about his impartiality towards ongoing investigations,” write Accendo Markets Analysts Mike van Dulken and Henry Croft in a research note. “This could impact approval of the stimulus policy markets are hankering after.”
http://uk.businessinsider.com/trumps-firing-of-fbi-director-comey-has-huge-implications-for-stocks-2017-5

9 May

Telegraph

After world stocks hit a net record peak overnight, Mike van Dulken, of Accendo Markets, said: “Global equities have found their mojo.” He added: “Optimistic is derived from hopes that OPEC will extend production cuts at month end; Macron can form a working parliamentary majority; the Fed will hike because the US economy warrants it; the ECB will keep the QE taps open a little longer, and; base metals prices have found a bottom after their recent sell-off.”
http://www.proactiveinvestors.co.uk/companies/news/177319/out-of-fashion-next-was-once-both-a-city-and-high-street-darling-but-not-anymore-177319.html

8 May

Sharecast

Accendo Markets analyst Mike van Dulken said: ” The independent centrist’s convincing second-round win over right-wing Marine Le Pen (65% vs 35%) may be a welcome rejection of populist politics, however, the record number of abstentions/blank/spoiled votes, record low turnout and disdain for traditional parties is a sobering reminder of voter fatigue and frustration at the current political offering.”
http://sharecast.com/news/london-open-stocks-little-changed-as-miners-drop-macron-win-digested/25902148.html

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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