Opinion – Friday 17 August 2018

News of US-China trade talks revival, albeit at low levels, boosted risk sentiment during the London session yesterday while the positive mood was further enhanced by solid US earnings reports. The US has led the gains in equities and the improvement in risk sentiment...

Opinion – Thursday 16 August 2018

Yesterday the MSCI Emerging Market Equity Index (MXEF) entered bear market territory, down over 20% from its early January highs. The latest moves have been led by a 6.5% drop in the share price of Tencent after the Chinese e-commerce behemoth reported its first...

Opinion – Wednesday 15 August 2018

The stabilisation in the Turkish lira has helped risk sentiment over the past 24 hours with the S&P500 recording its first positive day in five, but European equities have remained under pressure with the Bloomberg EU Banks Index closing at a new 18 month low....

Opinion – Tuesday 14 August 2018

Turkey still front of mind, but so far contagion has been limited,  Equities have been softer, as have base metals (with oil marginally and gold) and there has been some widening of credit spreads, but it’s been a relatively orderly market and with the Turkish lira...

Opinion – Monday 13 August 2018

The Turkish Lira’s travails dominated the airwaves and financial market price action elsewhere on Friday. TRY ended the New York day 16% lower, having been down 19% at worse, and has just restarted the week above 7.00 to the USD, some 12% lower. President Trump...

Opinion – Friday 3 August 2018

Yesterday’s official confirmation that President Trump  had instructed the USTR to consider a higher 25% tariff (from 10%) on the proposed $200bn of Chinese goods triggered an angry response from China, a sell-off in Asian equities and a weaker CNY. European equities...