Opinion – Wednesday 5 February 2014

After Monday’s rout Equity markets showed some resilience yesterday with the Dow and S&P closing up 0.5% and 0.75% respectively. Some solid earnings from Michael Kors and Gap helped to underpin the gains whilst the economic calendar was light with the only...

Opinion – Tuesday 4 February 2014

Yesterday was another day of ‘risk off’ for Equity markets but this time its was not the emerging markets that drove prices lower but the January ISM Manufacturing which came in well and truly shy of expectations. As newly sworn in Fed Chair Janet Yellen...

Opinion – Monday 3 February 2014

Equity markets are opening higher this morning after China reported its official Manufacturing PMI which came in no worse than expected at 50.5, down from 51.0 last month. US Stock markets in January had their worst month in well over a year. Ahead of this...

Opinion – Friday 31 January 2014

US Stock markets rebounded yesterday easing this week’s losses for the S&P 500 Index, as earnings from Facebook beat estimates whilst Consumer Spending picked up. Facebook jumped 14% as the World’s largest social network said that more than half its...

Opinion – Thursday 30 January 2014

The FOMC Meeting has done nothing to stop the rot in Emerging Markets.All of the knee-jerk reactions in the Turkish Lira following yesterday’s aggressive rate hikes have been unwound and the South African Rand failed to respond favourably to an unexpected 0.5%...

Opinion – Wednesday 29 January 2014

Equity markets had a better day yesterday as tensions eased in the Emerging Markets after the rout of the last few days coupled with some better US Earning Reports (apart from Apple). The Dow and S&P both closed up 0.58% ending a 5 and 3 day losing streak...