Opinion – Wednesday 2 March 2016

China’s decision to reduce the Required Reserve Ratio on major banks by 50bps set the tone in yesterday’s Asian trading session and it helped the market look through a set of soft PMI throughout the region. Against this backdrop, European equities opened...

Opinion – Tuesday 1 March 2016

Chicken little would have been in his element yesterday. The sky may not be falling, but plenty else is, be it the latest Euro-Zone inflation prints and Bond Yields, incoming US economic data, or China’s Reserve Requirement Ratio. The latter was cut by 50bps to...

Opinion – Monday 29 February 2016

Plenty of official hand-wringing regarding downside risks to global growth and which was reflected in the Communique issued on Saturday after the 2-day G20 Meeting of Finance Ministers and Central Bankers in Shanghai. This included – presumably at the urging of the UK...

Opinion – Friday 26 February 2016

It has been an interesting past 24 hours as far as markets were concerned with higher US equities despite the 6% fall in Chinese equity markets yesterday morning, but some softness in the US Dollar and lower Treasury Yields. US data prints were generally positive with...

Opinion – Thursday 25 February 2016

Yesterday was a trading session of two halves with a risk off during the European session spilling into the first part of the New York session, oil lower after a war of words with Iran’s Oil Minister complaining about high Saudi production, the US Dollar in the...

Opinion – Wednesday 24 February 2016

After the S&P 500 had, as of Tuesday, recovered all of the losses suffered during the first half of February – a rally of some 7.5% – risk markets have turned turtle in the past 24 hours despite some reassuring words on Monetary Policy from both the Fed and...