Opinion – Friday 2 June 2017

Just before the New York close, President Trump has formally announced that the US will exit the Global Paris Climate Accord. There has been little to no market reaction, not that a big reaction would have been expected even if this announcement was not forewarned. US...

Opinion – Thursday 1 June 2017

It has been a quiet end to the month of May, nevertheless the month has ended with a few themes raising question marks over the near term outlook for markets. US equities have managed to post positive returns for the month, but they have closed the day with small...

Opinion – Wednesday 31 May 2017

There was little in the way of significant market moves yesterday. Instead focus returned to the economic data where eyes were on the inflation figures for both the US and Germany – German CPI was slightly weaker than expected while the US PCE was in line with...

Opinion – Tuesday 30 May 2017

Ahead of a long weekend US equities ended the week in a relatively subdued note, oil prices recovered a bit of lost ground since the drop in prices post the OPEC’s production cuts extension announcement and US Treasury Yields were little changed. The USD closed the...

Opinion – Friday 26 May 2017

Yesterday was a trading session where oil news took centre stage in the lead up to the end of the week with liquidity likely thinner today into the US long weekend with the US Memorial Day holiday on Monday. Meanwhile London is also closed on Monday for their second...

Opinion – Thursday 25 May 2017

The biggest news yesterday was the release of the FOMC Minutes, which were interpreted cautiously by the market as confirming the likelihood of a June rate hike, but casting some uncertainty over the trajectory for rates thereafter. The US dollar fell on the news,...