Opinion – Tuesday 10 September 2013

Yesterday was generally a risk positive day however it was one in which stronger US equities and moderately lower bond yields have proved to be a negative for the US Dollar with the Dollar Index falling 0.5% to 81.80. An easing of geopolitical tension followed a...

Opinion – Monday 9 September 2013

Last Friday’s US Employment Report  came close to ending my view that Fed QE tapering is likely to commence following the September FOMC meeting. With no top tier economic data due for release between now and then the odds of Fed tapering being announced have...

Opinion – Friday 6 September 2013

Equity markets posted small gains yesterday supported by solid US economic data whilst the Bank of England and the ECB kept policy unchanged. Equities got a boost from the ADP Employment data which was in line with expectations coming in at +176k. There was also a...

Opinion – Thursday 5 September 2013

US Equity markets had another positive session yesterday, with the Dow up 0.3% and the S&P 500 up 0.2%, whilst European markets saw an average increase of 0.2%. Global risk aversion has eased somewhat as buoyant August Service Sector Data enforced the notion that...

Opinion – Wednesday 4 September 2013

US Equities closed higher yesterday, after the Labor Weekend break, with Dow closing up 0.2% but well off it’s intra-day highs. It was up 120 points in early trading after a solid ISM Manufacturing Report, where the Index rose to 55.7 for August from 55.4 in...

Opinion – Tuesday 3 September 2013

Shortly after I posted yesterday the the Manufacturing PMI’s released for the Euro-Zone and the UK came in better than expected which helped European Equities rise between 1.5%-2% whilst the possibility of retaliation against Syria on the back burner for at...