Opinion – Friday 26 October 2012

The UK economy had a much stronger than expected quarter of growth in Q3 aided by ticket sales and visitor spending at the Olympics. The result was also enhanced by the impact of the Diamond Jubilee Holiday. US Durable Goods Orders – which is a lead on US...

Opinion – Thursday 25 October 2012

The Euro-Zone continues to contract into October with the first activity/business surveys released this week showing disappointing results, none more so than the German IFO which came in at 100 versus 101.4 expected. The Manufacturing PMI fell to 45.7 from 47.4. A...

Opinion – Wednesday 24 October 2012

More poor earnings reports from US and European companies really weighed on stock markets yesterday with markets having their worst day since June. This weakness, reflected in a rise in the VIX of more than 20% in three days, looks to be both a micro and macro...

Opinion – Tuesday 23 October 2012

Yesterday was a very quiet day with Equity markets down all day only to stage a sharp and large rally in the last 30 minutes of trading in the US. Markets have been very subdued as they are playing a waiting game in relation to the US Presidential election which is in...

Opinion – Monday 22 October 2012

Heady mid-week optimism evident in US Equity markets evaporated on Friday with a mini meltdown on the 25th anniversary of Black Monday. The major indices lost between 1.5% and 2.2% as they had their worse day in four months. The decline was led by the Nasdaq with...

Opinion – Friday 19 October 2012

The US Dollar has rebounded across the board after a 10% slump in Google shares after a big earnings miss and a bungled early release of its earnings report. The sentiment on Wall Street was not helped by an unexpected jump back up in Weekly Jobless Claims to 388K...