Opinion – Friday 13 July 2018

Back to positive risk sentiment, aided by both China and the US making noises suggesting the doors are open to resumption of trade talks even if neither side is yet quite ready to walk through them. Alongside, the failure of USD//CNY to hold yesterday morning’s gains...

Opinion – Thursday 12 July 2018

Unsurprisingly reaction to the US plans to impose tariffs on an additional $200bn of Chinese goods (announced early yesterday), has triggered a sell off across risk assets. European and US equities closed down between 0.5% and 1.6% and the commodity complex is also a...

Opinion – Wednesday 11 July 2018

Just after the US Markets closed in New York last night, red headlines hit the screens saying ‘’U.S is said poised to release $200bn China tariff list’’. This was exactly what President Trump said he would do if China retaliated against the imposition of tariffs on...

Opinion – Tuesday 10 July 2018

No new news from the US-Sino trade war has helped investors focus back on fundamentals and with the US earnings season starting later this week, the US has led the gains in equities over the past 24 hours. Commodities also had a good day, helping the AUD retained most...

Opinion – Monday 9 July 2018

So after months of the EU imploring UK Prime Minister Theresa May to, on Friday she finally gave a response. This following an all-day meeting at her country retreat in which she faced down the ‘’Brexiteers’’ in her cabinet, reportedly under pain of being sacked if...

Opinion – Friday 6 July 2018

European and US equities ignored the negative lead from Asia and posted decent gains for the day. The FOMC minutes revealed most within the Fed are concerned over the potential impact from trade policy, but remain comfortable for now with the gradual pace of...

Opinion – Thursday 5 July 2018

Unsurprisingly, not a big trading session in global markets with the US out for Independence Day. It has been a narrowly mixed Wednesday as far as European stocks go, US stock Index Futures have traded up by about 0.3%, European bond yields are a touch lower and in...

Opinion – Wednesday 4 July 2018

The market has been rightly besotted with trade tension news with July 6 looming for the imposition of those additional tariffs from the US and China. There is also Non-Farm Payrolls on Friday, so it is going to be interesting to see how it pans out. But in the past...

Opinion – Tuesday 3 July 2018

Political uncertainty in Germany and escalating tensions on global trade, centred around President Trump’s policies and possible retaliatory action appear to have been sufficient to hog the headlines and dog sentiment for a good part of yesterday’s trading session,...

Opinion – Monday 2 July 2018

The bounce in all things EUR during Friday’s London session on news of European Council agreement on dealing with migration issues carried into the US session and proved to be a rising tide that floated all boats, in G10 currencies at least where the USD fell against...

Opinion – Friday 29 June 2018

While emerging equity markets and currencies remain under pressure amid further CNY depreciation and buoyant oil prices, US equities have shrugged off the negative lead from Asia and Europe with gains in the IT sector providing a Bridge over Trouble Waters. After a...

Opinion – Thursday 28 June 2018

What started in the European session as a risk-positive mood with the Dax up 0.9% and the FTSE +1.1% reversed course in the US session with the Dow closing down 166 points, -0.68%, the S&P down 0.86%, and the Nasdaq off 1.54%. Flowing notably against the tide of...

Opinion – Wednesday 27 June 2018

Tuesday’s markets have witnessed a partial reversal of some of Monday’s key market movement, with the US Dollar firmer and US stock showing modest gains, albeit pared into the close (S&P finishing +0.2% higher having been more like +0.5% an hour beforehand). The...

Opinion – Tuesday 26 June 2018

With an absence of major data, trade talk has been consuming most of the attention of markets over the past 24 hours, with the threats of more from the Trump Administration on Friday, Europe retaliating with tariffs on $3.3b of US imports, the EU and China getting...