Opinion Wednesday 24 June 2015

All is well, solved, sorted; just not signed. As I have been saying for the last two weeks in my Daily Commentary Greece will get a deal .Markets are pretty content with the idea that Greece and its creditors will do a deal before the June 30 deadline. And the Fed...

Opinion – Tuesday 23 June 2015

We wait, there is a vast amount of commentary and expectation, and even a fair degree of optimism. And nothing might happen for a few days at least. But in this case, there will be an endpoint. Markets were mostly pleased, with equity markets in Europe up strongly...

Opinion Monday 22 June 2015

Not much happened Friday amid an absence of US data and with no significant developments – at least not in public view – ahead of today’s all-important EU Summit. The Greek cabinet met Sunday and according to the FT, in a series of phone calls between...

Opinion – Friday 19 June 2015

A fairly big slug of US economic data after I posted yesterday – admittedly not all of its top drawer – collectively added up to progress, on the real economy at least, towards the commencement of Fed tightening in coming months. The weekly jobless claims number – and...

Opinion Thursday 18 June 2015

The FOMC meeting was a bit of a mark-to-reality exercise for markets, after perhaps getting a little ahead of itself. This applies both to the intra-day moves and the direction over recent weeks. Earlier in the day, Bond Yields had risen, the US Dollar was up and...

Opinion – Wednesday 17 June 2015

There is a nervous tinge to the commentary yesterday, but market moves have been relatively light, and the same is expected for today. Equities are modestly higher in the US and Europe, Bond Yields are lower generally, while the US Dollar outperformed. Commodity...