Opinion – Thursday 29 November 2012

The Feds latest Beige Book, released yesterday, described the US Economy as expanding at a measured pace. The report was compiled and finalised through November 14th ahead of the December 14 FOMC meeting. Most districts reported modest growth whilst New York was...

Opinion – Wednesday 28 November 2012

US Equities gave up some early ground on worries over the US Fiscal Cliff. Senate majority leader, Democrat Harry Reid, said that little progress has been made in talks to avert it. There are now only 33 days to go before the Bush temporary tax cuts and other measures...

Opinion – Tuesday 27 November 2012

European Equities open higher this morning as Greece wins easier terms on it’s debt. European Finance Ministers eased the terms on emergency aid for Greece declaring, after three years of false starts, that Europe has found the formula for nursing the debt...

Opinion – Monday 26 November 2012

US Equites posted solid gains in a shortened, post-Thanksgiving, holiday trading session with the New York Exchange closing early with trading thin, volumes around 25% below average. Sentiment was helped by optimism about a budget deal to avert the US Fiscal Cliff, a...

Opinion – Friday 23 November 2012

European Equity markets continued their gains yesterday despite news that the Euro-Zone Economy is likely still contracting well into the December quarter, albeit at a less severe rate than anticipated. The Euro-Zone PMIs released yesterday point to a Q4 contraction...

Opinion – Thursday 22 November 2012

The Euro fully recovered its ‘No Greek Deal’ losses and Equity markets are higher this morning on the better than expected Chinese PMI released overnight. US Economic news released yesterday is supportive of the view that private sector activity is picking...