Opinion – Friday 15 November 2013

Equity markets ended the day with another record close in the US as new Fed Chair Janet Yellen signals that she will continue QE undeterred by risk of bubbles. In her testimony to Congress Yellen indicated that she will press on with the Federal Reserve’s...

Opinion – Thursday 14 November 2013

A dramatic day on Wall Street yesterday with both the S&P and the Dow making new closing all time highs after Chair Nominee Janet Yellan released a prepared statement ahead of her testimony in front of Congress this afternoon. Yellen said the US economy and jobs...

Opinion – Wednesday 13 November 2013

Equity markets drifted lower in the post-holiday US trading session yesterday despite a weaker than expected NFIB Small Business Survey. However the markets were not helped by comments by the Fed’s Lockhart suggesting that the Fed’s Bond Buying Programme...

Opinion – Tuesday 12 November 2013

Yesterday the US Veterans Day holiday led to quiet trading markets and this was compounded by the absence of substantial news-flow. US Stock markets were open and closed with minor gains of less than 0.1%. The US Cash Bond market was closed but the Futures market was...

Opinion – Monday 11 November 2013

On Friday, the US Non Farm Payrolls Report came in much stronger at 204k versus the 120k expected leading to another volatile day for US Stock markets. The market initially sold off after the release of this strong headline report but then rallied hard after the...

Opinion – Friday 8 November 2013

There was a surprise rate cut from the ECB yesterday as it cut it’s main refinancing rate by 25 basis points to 0.25% whilst the Marginal Facility was cut to 0.75%. The Deposit rate was unchanged at zero and the combination of ECB actions lead to a host of Key...