Opinion – Wednesday 16 May 2012

There is a pervading sense of unease in the markets which saw another day of risk aversion taking over from good economic data. Equities are lower with Spanish yields over 6.3% and the USD is stronger across the board. With JP Morgan not in the market, a major source...

Opinion – Tuesday 15 May 2012

The Euro Finance Ministers Meeting continues today as they discuss Greek political developments closely and potential implications for the Euro should Greece leave the Single Currency in the wake of another election. Not only is Greece seemingly unable to form a new...

Opinion – Monday 14 May 2012

We start this week with an escalating sense that we coming to a turning point in Europe. We are used to Troika helping the markets but they are adamant that any new Government in Greece will have to adhere to the bail-out agreement. But with politicians beholden to...

Opinion – Friday 11 May 2012

The Markets had a nice rally yesterday as news that the Greek anti austerity party Syiza had failed to form a Government which helped sooth worries about a Greek exit from the Eurozone. The baton now passes to  the Pasok party to try and form a Government and if they...

Opinion – Thursday 10 May 2012

The Markets had another volatile day yesterday as Equities were down hard at lunch time on the back of Spanish yields breaking 6%. When the US opened it brought the Equities back to unchanged before a small sell off into the close on the back of Cisco earnings....

Opinion – Wednesday 9 May 2012

Markets continue to fluctuate following on from Sunday’s Elections. There is a dearth of news today and the main question is whether Greece can manage to form a Government. The Syriza party are trying but they have only three days to do it. ECB’s,  Asmussen says that...