Opinion – Monday 29 June 2020

U.S Indices finished the week on the lows of the Day, as a resurgence in new Coronavirus infections halted the re-opening of the American Economy. The Dow closed 2.8% lower at 25,015, which was the lowest close for the month. Both Texas and Florida announced the...

Opinion – Friday 26 June 2020

European Indices rebounded from early morning losses to close higher, in another volatile trading session. Markets were helped by better than expected German Consumer Confidence, while the Minutes from the latest ECB Meeting stated that Monetary Policy Measures and...

Opinion – Thursday 25 June 2020

European Indices closed lower after the White House is said to be looking into imposing an additional $3.1 billion of Tariffs on European Exports. Shortly after I posted yesterday morning, ECB Chief Economist Philip Lane said investors should not to get too optimistic...

Opinion – Wednesday 24 June 2020

European Indices rebounded from yesterday’s sell-off to surge following better than expected PMI data from Germany, the Euro-Zone and the UK. Consumer Confidence also rebounded from a nine-year low in May. Meanwhile, the UK Auto-Industry was said to have asked for a...

Opinion – Tuesday 23 June 2020

European Equity Markets recovered earlier losses but still closed lower on the day. An easing of new Coronavirus infections in Germany following a spike last week tied to a meat-processing plant helped the recovery. The DAX which was lower by 1.5% eventually closed...

Opinion – Monday 22 June 2020

Equity Markets on both sides of the Atlantic were buoyed by comments from Secretary of State Mike Pomeo who said that China’s Chief Diplomat, Yang Jiechi, reassured him the country would honour its Phase One Trade Commitments during a meeting in Hawaii. I have...

Opinion – Friday 19 June 2020

Equity Markets on both sides of the Atlantic closed lower as investors worried about the latest reports of fresh outbreaks of the Coronavirus in the U.S and China. Initial Jobless Claims came in worst than expected with a further 1.51 million losing their jobs last...

Opinion – Thursday 18 June 2020

European Equity Markets rallied yesterday after German Chancellor Angela Merkel told lawmakers that she expects European Union Leaders to agree on a regional recovery fund next month. Helping the DAX to rally was the announcement that Germany’s Cabinet approved the...

Opinion – Wednesday 17 June 2020

A combination of the Fed buying Corporate Bonds and a Retail Sales Report showing a hard -to – believe Monthly gain for May at 17.7% saw US Indices soar. This move higher saw the S&P fill some of last week’s 3190/3119 ‘’Open Gap’’ as mentioned at length in...

Opinion – Tuesday 16 June 2020

US Equity Markets started the week on a positive note, reversing earlier losses after the Fed announced it was buying more Corporate Bonds under an Emergency Loan Programme. The Fed said that this move would continue to provide liquidity in the markets and keep credit...

Opinion – Monday 15 June 2020

U.S. Equity Markets rebounded from the biggest rout in 12 weeks as dip-buyers emerged for companies that bore the brunt of Thursday’s selling. Treasuries fell, while the US Dollar rose. Real-estate, financial and energy companies led gains in the S&P 500. Cruise...

Opinion – Friday 12 June 2020

U.S. Equity Markets tumbled the most in 12 weeks as the torrid surge in Equities came to a screeching halt amid economic jitters. Treasuries surged with the US Dollar. The S&P 500 sank almost 6%, approaching the 7% threshold that would trigger an...

Opinion – Thursday 11 June 2020

U.S. Equity Markets whipsawed, the US Dollar fell and Treasuries rallied as investors assessed the Federal Reserve’s views on the economy. In a very volatile session, the S&P 500 closed lower as Chairman Jerome Powell suggested the pandemic could inflict...

Opinion – Wednesday 10 June 2020

U.S. Equity Markets dropped on concern the blistering rally in risk assets overshot economic prospects. Treasuries climbed. The S&P 500 halted a surge that drove the gauge higher for 2020, led by energy and industrial companies. Small-cap shares underperformed...