Opinion – Wednesday 7 August 2013

Despite some very impressive economic data on both sides of the Atlantic yesterday equity markets finished the day on the defensive. In particular the DAX which, despite the robust Factory Orders data which came in at +3.8% versus 1.1% expected, having made a higher...

Opinion – Tuesday 6 August 2013

Yesterday was another very quiet trading session with little or no movement at all in the main markets. They are not helpedĀ  by the fact that most of Europe is now on holiday for the month of August. European Indices were initially stronger on the better than...

Opinion – Monday 5 August 2013

Friday was one of the quietest Non Farm Payroll sessions that I can remember in a long time. After the initial flurry of activity on the weaker than expected 162k Payrolls number the Equity market went pretty much into hold mode for the rest of the session. The...

Opinion – Friday 2 August 2013

The US Equity markets took their lead from Japan and Europe with the Dow and S&P both managing to hit and close on new highs – the S&P is now up 20% year to date! The mantra ‘don’t fight the Fed’ could not be more apt in these...

Opinion – Thursday 1 August 2013

There was no Bernanke press conference or forecast update after the FOMC Meeting that concluded last night. The next such ‘all bells and whistles affair’ will be at the upcoming Sepember 18 meeting. Instead we just had the formal post-meeting statement....

Opinion – Wednesday 31 July 2013

Yesterday, Bond and Equity markets continued to trade listlessly into today’s conclusion of the FOMC two day meeting together with the surrounding raft of US data releases. US Equities closed flat with 10 Year Bond Yields also flat at 2.6%. This follows a...