Opinion – Thursday 22 December 2016

The Dow again failed to break through the 20,000 mark , opening at 19,986 and spent the rest of the extremely quiet trading session trading sideways before drifting lower in the last 20 minutes of trading. So it is certainly feeling a lot like Christmas with equity...

Opinion – Wednesday 21 December 2016

Financial markets remained resilient yesterday despite recent geopolitical events and tragedies in Berlin, Zurich and Ankara. Putting those tragic events aside, for markets they are still singing to the tune of greater infrastructure spending by an incoming Trump...

Opinion – Tuesday 20 December 2016

Hot on the heels of the Government’s Budget MYEFO yesterday, both Fitch and Moody’s re-affirmed Australia’s rating at AAA. Mid-afternoon, S&P also reaffirmed its AAA rating, saying the mid-year update had no immediate rating impact. They did though warn that the...

Opinion – Monday 19 December 2016

Market wise, after what was shaping up to be a fairly subdued end to another tumultuous week, markets were enlivened soon the 4 pm London fixing by news that China had seized a US underwater drone in the South China Sea. This triggered a fairly short but sharp “risk...

Opinion – Friday 16 December 2016

Wednesday’s US Fed meeting continues to reverberate across financial markets, driving US Treasury yields and the US Dollar higher. Equities also joined in to the moves yesterday with investors seemingly reassured of the prospects of stronger US economic growth...

Opinion – Thursday 15 December 2016

As expected the Fed lifted the Federal Funds rate target by 0.25bps taking the range to 0.5%-75% from 0.25%-0.5%. More importantly, however forecasts for the future Fed Funds rate path (the so called dot plot) now suggest 3 hikes in 2017 versus 2 previously and three...