Opinion – Friday 1 June 2012

Poor data and month end dominated markets yesterday. Equity markets were very choppy ending with small moves in general. Yields were mostly lower and commodities remained particularly weak on the back of global growth concerns. The yen is outperforming while GBP is...

Opinion – Thursday 31 May 2012

Markets finally catch up to the news and begin to believe that Spain really is in trouble. Spain’s Yields rose sharply, Equity markets are lower, Oil is off dramatically and the USD is higher across the board. EM currencies are weakening and any reprieve is likely to...

Opinion – Wednesday 30 May 2012

A day of conflicting moves with the Euro and Commodities moving lower whilst US Equities had a strong rally in the last hour of trading as the S&P managed to close over the important 1325 level for the first time in two weeks. The market continues on a slow grind...

Opinion – Tuesday 29 May 2012

A very quiet day yesterday with many markets on a long weekend. The Spanish PM called for the EU to calm market tensions and reiterated that Spain would not require an EU/IMF bailout and that they did not need help with the banking sector. Unfortunately the market did...

Opinion – Monday 28 May 2012

We start the week with a ‘relief rally’, triggered by positive opinion polls in Greece. It is a public holiday in the US, and some European countries, which may allow for some respite from market negativity for the day. Spain was the interesting news over...

Opinion – Friday 25 May 2012

Despite poor GDP No’s out of Europe, markets have broadly range traded and consolidated. There is little data scheduled in the near term which may allow this to continue into next week but the warning signs are there of a softening of the global outlook. Equity...