Takeaways: Surprise! China has lowered rates and Brussels has all-but promised more liquidity. So, that’s currency volatility back to the top of the agenda. Markets are treating these moves as good news – for now. In a few days, they could be read as an indication of the global economy’s dire straits – that’s just the … More From Brussels (and Shanghai) with liquidity
Takeaways: So much for the summer break! Deal frenzy, spectacular market dives and the odd rebound. In modern sporting parlance, we can take the positives: earnings resilience, US recovery and a continuing M&A boom. However, it’s hard to escape the shift in mood. The last month has highlighted (again) how much market confidence is still … More August angst, September…..?
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
Takeaways: M&A activity usually winds down in summer, but July brought another US$500b+ of deals and August has started in the same vein. Why so active? In low growth markets, M&A – or more precisely a robust approach to capital allocation – is looking like one of the best ways for companies to outperform their … More M&A records hit for six
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…
Takeaways: A deal at last for Greece! After marathon talks which lasted over 17 hours, an agreement was announced on Sunday night to keep the Greeks in the Euro. ‘Deal’ in this case being an agreement to enter talks on a new bailout linked to a range of new pre-conditions. This effectively leaves Greece borrowing … More Yet another Greek tragedy playing out in Europe
Takeaways: Last year had its moments, but the last 12 months could look pedestrian compared to 2015. Of course change and even faster growth can bring challenge along with opportunity. Time to wheel out that old, but true, maxim that recovery can be the best, but also the worst of times for companies – and … More Buckle-up! Ten themes for 2015