Opinion – Wednesday 31 October 2018

USD Indices made new highs yesterday mostly reflecting weakness by European currencies supported by solid US Consumer Confidence and faltering EU GDP growth. European equities closed mixed and US equities bounced into the close. Against a backdrop of USD strength, AUD...

Opinion – Tuesday 30 October 2018

It has been an up and down session, marked initially by a good session in Europe, helped by a proposal out of China to cut its 50% car purchase tax, currently 10%, taking the tax to 5%, adding to the other stimulus measures announced by China in the wake of the US...

Opinion – Friday 26 October 2018

After Wednesday’s big drop, European and US equities have rebounded yesterday with tech shares leading the gains. As expected and in spite of recent softer activity readings, the ECB has retained it policy guidance and remains on the long and winding road that leads...

Opinion – Thursday 25 October 2018

Soft economic data releases and mixed corporate earnings reports have combined to extend the losses in European and US equity markets. Safe haven demand, amid concerns over the global growth outlook and future equity earnings growth have pushed US Treasury yields...

Opinion – Wednesday 24 October 2018

It has been another bad day at the office for equity markets, beginning in the Asian session and spreading across Europe and the US. There has not actually been much news out there so the newswires are again making up a whole lot of stories to try to explain the move....

Opinion – Tuesday 23 October 2018

For once the IT sector is supporting rather than weighing on broader US Indices, ahead of what is the heaviest week of the US reporting season (146 of the S&P 500 companies report this week (of which there are thousands in total, or so I heard Joe Kernon say on...