Opinion – Thursday 26 September 2013

Equity markets were slightly weaker yesterday on continuing uncertainty about when the Fed might introduce ‘QE Tapering’. Also adding to the nervousness were rising fears about the US Budget/Debt and data which was unsurprising but confirmed some slowing...

Opinion – Wednesday 25 September 2013

Yesterday was a whip-saw day for US equities with the market falling initially on weaker than expected German IFO, US Consumer Confidence and Richmond Fed Manufacturing numbers but then recovered as President Obama made conciliatory noises about Syria. But by the end...

Opinion – Tuesday 24 September 2013

There were plenty of Fed Speakers offering their views yesterday leading to Treasury yields and equities both ending the day lower whilst the US Dollar was largely unchanged. This tells us the the latest Fed rhetoric has been largely ignored. Industrial equities are...

Opinion – Monday 23 September 2013

Markets are little changed this morning after the German Elections yesterday with Chancellor Merkel retaining power after securing 41.5% of the vote, for the largest majority since the Kohl reunification vote. Merkel will be the 4th Chancellor since the War to serve...

Opinion – Friday 20 September 2013

In the aftermath of the Fed’s non-move, markets eased back yesterday with small falls in US Equities and most major currencies off their post FOMC high.The US Dollar found some modest support helped by better than expected US economic data, with Jobless Claims...

Opinion – Thursday 19 September 2013

Contrary to expectations, the US Federal Reserve left its asset purchase programme unchanged at $85 billion per month after the FOMC Meeting. The Fed wants to see more evidence that the recent improvement in the economy will be sustained before adjusting the pace of...