Opinion – Friday 31 August 2018

News in the last two hours of the New York trading session that President Trump wants to move ahead with a plan to impose tariffs on $200 billion of Chinese imports as soon as the public comment period concludes next week, has pulled the rug from an earlier recovery...

Opinion – Thursday 30 August 2018

The big news yesterday was the announcement by the EU’s Barnier who suggested an offer to the UK of a deal that has never been seen before.Sterling jumped nearly two big figures on the Barnier headline, from around 1.285 to over 1.3040 this morning, EUR/GBP down from...

Opinion – Wednesday 29 August 2018

While European equities had a mixed session, US counterparts managed to close with minuscule gains. The US Dollar is flat in Index terms and US Treasury yields are higher on the back of mostly solid US data releases. After Monday’s comments by President Trump, that...

Opinion – Tuesday 28 August 2018

Risk sentiment was given a further leg up yesterday with the news that the US and Mexico had agreed on a trade deal to replace NAFTA. Sticking points over the automotive sector have been resolved while duty free access for the agriculture sector. The President sealed...

Opinion – Monday 27 August 2018

Two things moved the dials on global markets after I posted last Friday morning: Fed chair Jay Powell’s Jackson Hole speech, and a couple of hours before that, confirmation from the PBoC that it would resume using the ‘’counter-cyclical’’ factor when calculating the...

Opinion – Friday 24 August 2018

Looking across markets, not much to say about international equities or bonds over the past 24 hours with the S&P closing lower by 0.2. Treasury yields are little changed, albeit the US Treasury curve is another 2bps or so flatter led by a pick-up in yields at...