Opinion – Monday 11 June 2012

European stock markets have surged this morning after Spain sought as much as 100 Billion Euro to save its banking system. The bailout loan will be channeled through the state’s bank rescue fund known as FROB. The loan is equivalent to 10% of Spain’s GDP...

Opinion – Friday 8 June 2012

Another volatile day as one minute we get good news and the next we get bad news. The good news was China cutting its rates by 25 basis points for its first cut since 2008. This was followed by the testimony of Bernanke who did not offer any immediate prospects of...

Opinion – Thursday 7 June 2012

Optimism reigned overnight as markets were encouraged by the prospects of policy makers, yet again, adding liquidity in order to stave off the inevitable economic and financial restructuring. There isn’t any guarantee that these events will happen but in the...

Opinion – Wednesday 6 June 2012

A cautious return of risk appetite filtered through financial markets yesterday. The risk sensitive currencies which are the AUD,CAD and GBP outperformed at the expense of the EURO and the USD. The markets were helped overnight by better than expected GDP from...

Opinion – Tuesday 5 June 2012

A relatively quiet day yesterday, as the UK continues to celebrate the Queens Golden Jubilee. Currencies squeezed higher versus the USD. Equity markets eked out small gains and Oil was higher while periphery yields were lower. There was little news but markets are...

Opinion – Monday 4 June 2012

Global growth concerns have accelerated following Fridays almost universally poor economic data, the highlight of which were the US Payroll Numbers . FX moves have been relatively limited compared to the weak Equity and Commodity markets with Bond Yields at all time...