Divergence and adjustment: looking beyond the ‘new normal’.

Takeaways:  Euro-dollar divergence and the weak commodities outlook are on the agenda this week as we await new pronouncements from the ECB and OPEC – keeping the Fed’s next move always in mind. Given this week’s fever pitch of speculation, the ECB might need to take pretty radical action to move markets further and keep … More Divergence and adjustment: looking beyond the ‘new normal’.

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…

What’s next? Seven questions, six charts and two illuminating deals.

Takeaway: Of course Greece isn’t out of the woods. We remain convinced that the only sustainable way forward is through debt reconstruction. It’s not off the table, but it’s not on it either. So, whilst this debate remains parked on a hostess trolley in Brussels, we’re going to ask a few questions to help take … More What’s next? Seven questions, six charts and two illuminating deals.

Riding the cycles

Riding the cycles Takeaways: With Hellenic worries on the back burner, equity markets have flirted with new highs. However, geopolitical machinations continue to provide reality checks and Greece will be back – soon. The commodities sector is obviously still coming to terms with new economic realities. M&A activity dipped in metals and mining again in … More Riding the cycles