Opinion – Monday 1 June 2015

Stocks fell as did benchmark Bond Yields on the last business day of the month and amid some mixed US economic signals. The US Dollar was overall little changed despite a further 0.34% rise in EUR/USD to 1.0986 and a particularly sharp fall in the NZD, to below 71...

Opinion – Friday 29 May 2015

Greece news and chatter continues to permeate markets as Greece gets closer to the first payment to the IMF due June 5. Reports of continued losses at Greek banks and deposit outflows continues to weigh on sentiment as liquidity remains at a premium. Christine...

Opinion – Thursday 28 May 2015

After Tuesday’s hammering in risk assets all changed yesterday which saw something of a risk-on day for equities and bonds with Greek PM Tsipras saying that a solution was “close” seemingly supporting investor sentiment.  Though not headline moving data, and released...

Opinion – Wednesday 27 May 2015

Seemingly there were many “light bulb” moments yesterday after I posted, when competing ideas, that have been around awhile, suddenly gain traction and markets run with them. It has produced some inconsistent moves but in isolation they have been explained away.  The...

Opinion – Tuesday 26 May 2015

If US April core CPI had printed just .007% lower than the 0.256% it actually did, it would have been rounded down to 0.2% on the month not up to 0.3%, and arguably most of Friday’s market price action wouldn’t have occurred. As it was, almost all the...

Opinion – Friday 22 May 2015

The Euro-zone preliminary PMI readings for May hit the screens early in the European session, revealing something of a net recovery for the Euro-zone, the Manufacturing Index up to 52.3 from 52.0.  France did better (strictly less worse at 49.3 from 48.0), while...