It’s not what you said, it’s how you said it…from China to CGOs

Takeaways: Last week’s engineered fall in the Renminbi was actually pretty modest, certainly in the context of the currency’s recent appreciation. More significant is what the move signalled – or more pertinently the market interpretation of those signals in the context of the un-virtuous circle of weak Chinese demand,  falling commodities prices, a stronger dollar … More It’s not what you said, it’s how you said it…from China to CGOs

Don’t blame it on the buybacks…

Takeaways: A major commodity index dipped to its lowest since the financial crisis level on Monday. The reasons are self-evident, with major commodity price deflators – strong dollar, uncertain Chinese demand and oversupply – continuing to plague markets. The fall obviously has broad consequences and this week we’re focusing on the impact on capital investment … More Don’t blame it on the buybacks…

Ifs, buts & mibbes…

Ifs, buts & mibbes It’s a truism that markets hate uncertainty. Flat calm brings its own complications – certainly for those who need volatility for margin and volumes. However, it’s hard to imagine many welcoming this week’s uncertainty play. The Federal Reserve and Scotland top the bill and the Fed isn’t even the main event. … More Ifs, buts & mibbes…

Serious season: high yield bonds remain in the spotlight

Serious season Was there a time when ‘news’ just stopped in summer? A time when only ‘silly season’ stories of crop circles, pigs on the run and killer chipmunks prevailed with little else to trouble us. If those halcyon days ever existed, they’ve not returned this year. In common with recent summers, markets have wobbled … More Serious season: high yield bonds remain in the spotlight