Opinion – Monday 25 November 2013

US Equity markets having closed up an average of 0.4% on Friday, for yet another record close, are expected to open higher again this morning after news out of Geneva yesterday that Iran has agreed to limit its nuclear programme in exchange for as much as $7 billion...

Opinion – Friday 22 November 2013

US Equities closed higher yesterday erasing Wednesday’s losses as the Dow closed for the first time over 16,000. It was helped by a combination of data showing an improvement in the jobs market and companies, including Union Pacific, Johnson Controls and Ace,...

Opinion – Thursday 21 November 2013

US stock markets finished down 0.4% yesterday after the Fed released its latest FOMC Minutes from the Oct 29/30 meeting..The Fed stated that they generally expect that the upcoming economic data would prove consistent with the Committee’s outlook for ongoing...

Opinion – Wednesday 20 November 2013

The US Dollar fell against the Euro and the Japanese Yen after Federal Reserve Chairman Ben Bernanke said the Central Bank’s main interest rate will probably remain near zero for a considerable time after the QE Asset Purchase Programme ends. In a speech to...

Opinion – Tuesday 19 November 2013

US Equity markets closed mixed yesterday with the Dow up 0.1% and the S&P and NASDAQ down 0.37% and 0.94% respectively, with the latter not helped by a 6% fall in Facebook shares. The S&P briefly broke the key 1800 level shortly after the open with a 1802.33...

Opinion – Monday 18 November 2013

Whether it was despite the economic data (mostly disappointing versus expectations) or because of it (greater confidence in the Fed’s liquidity spigots staying wide open) US Equities came very close to some big psychological levels on Friday. The S&P almost...