Opinion – Thursday 28 June 2018

What started in the European session as a risk-positive mood with the Dax up 0.9% and the FTSE +1.1% reversed course in the US session with the Dow closing down 166 points, -0.68%, the S&P down 0.86%, and the Nasdaq off 1.54%. Flowing notably against the tide of...

Opinion – Wednesday 27 June 2018

Tuesday’s markets have witnessed a partial reversal of some of Monday’s key market movement, with the US Dollar firmer and US stock showing modest gains, albeit pared into the close (S&P finishing +0.2% higher having been more like +0.5% an hour beforehand). The...

Opinion – Tuesday 26 June 2018

With an absence of major data, trade talk has been consuming most of the attention of markets over the past 24 hours, with the threats of more from the Trump Administration on Friday, Europe retaliating with tariffs on $3.3b of US imports, the EU and China getting...

Opinion – Monday 25 June 2018

On Friday afternoon OPEC confirmed plans to increase oil output next month, triggering a big jump in oil prices, fuelling energy shares on either side of the Atlantic while also boosting commodity linked currencies with the Australian Dollar the outperformer. It was a...

Opinion – Friday 22 June 2018

The past 24 hours trading has been one of several parts, the USD DXY index this morning back below 95, equities lover, bonds stronger (except in Italy, Spain and Portugal), and commodities mixed to softer, oil down ahead of a likely OPEC deal this afternoon to cut...

Opinion – Thursday 21 June 2018

In what has been a relatively quiet session, in terms of news and data releases, equity markets have had a steady to positive day, core bond yields are a little bit higher with US Treasury yields leading the way and the USD is steady, retaining the gains from the...