Opinion – Thursday 7 February 2019

US stock Indices closed slightly lower following late comments from U.S. Vice President Mike Pence saying he cannot guarantee there will not be another US government shutdown though several Congressmen and women have been out saying they think it can be averted. US...

Opinion – Wednesday 6 February 2019

After and up and down session, US equities ended the day higher, marking a fifth consecutive day of gains. A light trading environment however hints at market cautiousness ahead of President Trump’s State of the Union speech. Meanwhile European equities closed smartly...

Opinion – Tuesday 5 February 2019

The past 24 hours have been quiet on the Economic Front with little or no news to excite markets. The low volatility saw stock markets make new recovery highs while the VIX closed below its 50 Day Moving Average for the first time since early October. Markets saw some...

Opinion – Monday 4 February 2019

Last Friday brought the latest US Employment data and Manufacturing ISM, both of which comfortably exceeded expectations in headline terms though with softer underbelly as far as inflation related sub-data was concerned. Despite the latter, bond yields reversed a...

Opinion – Friday 1 February 2019

The markets like the idea of the Fed now sitting on their hands and letting the economy do the talking on the direction of Monetary Policy as the Fed also made clear that it is giving careful attention to the management of its balance sheet to ensure the size is...

Opinion – Thursday 31 January 2019

US equities were having a good day ahead of the Fed announcement, the US Dollar was steady and US Treasury yields were drifting higher. As expected the Fed delivered its patient pledge and also confirmed a review of its balance sheet normalisation guidance. Risk...