Opinion – Thursday 5 July 2012

Yesterday was the quietest day of the year so far. Now all eyes switch to the policy decisions of the BOE and ECB this morning. Confidence in a 25 basis point cut to the ECB’s main Refi Rate is running high as are expectations that the BOE will announce an...

Opinion – Wednesday 4 July 2012

A more positive tone to markets yesterday with little news and very little liquidity as the US is closed today for the July 4th holiday. All eyes will be on the ECB and BOE tomorrow to see whether we get any easing in policy and this is followed by the US Payroll...

Opinion – Tuesday 3 July 2012

A very quiet 2 days ahead as the US is closed tomorrow for the July 4th holiday and all futures markets are closing today at 6pm GMT. There are signs of discord in relation to the European Summit proposals which led to a lower Euro, higher Equities and lower Bond...

Opinion – Monday 2 July 2012

After an initial bout of delight, markets have settled into a mood of cautious optimism this morning. The positive surprise of an EU Summit actually deciding anything, let alone something that counts, was reflected in a surge of risk appetite which has now settled....

Opinion – Friday 29 June 2012

European stock futures rallied after policy makers eased repayment rules for Spanish Banks, released conditions for possible aid to Italy and unveiled a Euro120 billion growth plan for the region’s economy. After 14 hours of talks ending at 4.30 am in Brussels...

Opinion – Thursday 28 June 2012

Currency markets continue to remain in a holding pattern ahead of today’s EU Summit. The Euro managed to trade down to 1.2440 before bouncing back to 1.2500 this morning. Rising Peripheral Bond Yields remain a head wind for the Euro with 10 year Spanish Yields...