Accendo Markets

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, It’s been a cracking week for the UK’s FTSE 100, finally breaking-out above those 6775 bugbear festive highs to revisit October highs of 6820 and 6840 levels last seen in late May. helped by a largely positive and taper-supportive […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, Since we last wrote the UK flagship Index closed 2013 +14.4%, capping off a terrible year for its miners (-30% to -60%) but a great one for the likes of airlines (+100 to +120%) and financial services (+35% to […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This was the week that the US central bank (Fed) went for it and signalled sufficient confidence in the US economy’s recovery momentum to announce the beginning of the end of its extraordinary monetary stimulus programme (QE3). From January, its $85bn rate of monthly bond market...

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, It’s been a few weeks since I last wrote and the FTSE100 correction has taken yet another leg down (that’s a 5.2% correction from the top). In fact the bad start to December is either here to scupper any […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, Something different this week. Well, kind of. We’re halfway through November meaning just 5 shopping weeks until the big day. It also means market observers such as myself are busy updating their annual Santa Rally research showing off their […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, While we might have thought the surprise of the week was the ECB cutting interest rates to help counter falling inflation in the single currency region, make that three surprises now after US GDP and US Non-Farm Payrolls (NFP) […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This week saw the UK’s FTSE100 Index add a further 100 points (1.5%) to revisit 6,700 as risk appetite remained supported by the US fiscal resolution (albeit short term, be prepared for a re-run), a welcome rebound in China […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, This was the week that US politicians finally saw the error of their ways and pulled their country back from the brink of debt default, albeit by delaying the inevitable for just a few months meaning we’re likely to […]

Mike van Dulken, Head of Research at Accendo Markets, commented to clients this morning; We’re getting another batch of positive noises from Washington regarding a deal to re-open government, sort out a short-term budget and delay the debt ceiling. For once, at least it is early in the week, rather than a tease into the […]

Mike van Dulken, Head of Research at Accendo Markets, commented in his Weekly Roundup to clients, US politicians have decided that the best thing for the nation is to allow its government to go into partial shutdown rather than back down on conflicting budget views surrounding a presidential policy aimed at making medical care affordable […]