ECB meeting in focus

The main event this week is without doubt the monetary policy meeting at the European Central Bank (ECB). There is no room to move on interest rates because we are at the lower bound but we can expect the so-called “detailed modalities” of Draghi’s…

Market Recap: Week of September 29th

Global equity markets struggled again last week as volatility picked up while demand for government bonds saw yields move lower. Of the major indices, Germany’s DAX equity index suffered the steepest decline, down 3.15%. In the US, the tech-heavy NASDAQ fell 1.48%. In Asia,…

The ‘Bond King’ departs; no player is bigger than the Club?

In football you’ll often hear managers throw out the cliché ‘no player is bigger than the club’. In truth they will bend this rule for players blessed with exceptional talent; Eric Cantona and Luis Suarez would have been turfed out of Manchester United and…

“We need balance. Its absence can have serious consequences”

In a recent speech Bank of England governor Mark Carney said the challenge now facing the Bank is turning the UK economic recovery into a “durable expansion”. He emphasised: “To do so, we need balance. Its absence can have serious consequences”. Balance is just…

Market Recap: Week of September 22nd

Most major equity indices moved higher last week with markets buoyed by the monetary policy statement from the US Federal Reserve and also the news that the Kingdom would remain United, for now! The S&P 500 closed up 1.25%, while the yield on the…

US Federal Reserve Meeting: Key Takeaways

FOMC Statement Wording. Janet Yellen kept markets sweet by maintaining the wording used in her previous statement, “significant under-utilization” to describe the labour market and “considerable time” for the length of the period after the asset purchase program ends before the first rate hike….

Scottish Independence Vote – What have the British ever done for us?

As the Scottish vote on Independence fast approaches I can’t help but be reminded by the famous “what have the Romans ever done for us” scene in Monty Python’s Life of Brian when Reg (John Cleese), leader of the “People’s Front of Judea”, tries…

What have the British ever done for us?

As the Scottish vote on Independence fast approaches I can’t help but be reminded by the famous “what have the Romans ever done for us” scene in Monty Python’s Life of Brian when Reg (John Cleese), leader of the “People’s Front of Judea”, tries…

Market Recap: September 15th 2014

Global equity markets moved lower last week with the main headlines assigning blame to better than expected US economic data, retail sales moved higher and consumer sentiment hit a 14-month high. Yes that’s right, we live in a perverse central bank led world where…

Eurozone Inflation Falls Further in August

ECB president Mario Draghi must be thinking “why always me” as the latest economic data heaped more pressure on Draghi to wave his magic wand (perceived to be quantitative easing through the eyes of financial markets) and fix the ailing Eurozone economy. In particular,…

Enjoy this blog? Please spread the word :)