In other words, what’s happening apart from Brexit? Because, without wanting to downgrade its significance, there is so much more going on that could easily be lost in the pre-vote maelstrom. Which is why this week, I’m going to focus on three other themes we can’t lose sight of – all of which also have … More What else is happening?
I have a strong feeling that we’ve been here before. Major central banks making tightening noises with nothing to little happening has been a recurring theme since we started this blog. So what could be different this time? … More The interest rate conundrum
We’re wondering if we’ve reached a turning point in the UK economy and if developments here and in the US could shake-up markets this summer. … More Will volatility return this summer?
What does the latest clutch of European earnings reports tell us? Revenues are under pressure and, whilst earnings are beating expectations, the bar was set very low. European companies still have a ways to go on improving their profitability and there’s certainly potential for all-round improvement. But in this low-growth, disrupted and polarized age, any … More The winner takes it all…
Takeaways: An end to uncertainty, an effective vote of confidence and the repetitive use of the word ‘gradual’ by the FOMC inspired a brief rally in most equity and bond markets – even in some more vulnerable areas. So, is there really nothing to see here after their 0.25% increase in interest rates? Not quite. The … More The Fed awakens!
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’.
Takeaways: The 2015 rollercoaster continues. Markets raced back up in October for some good and some more speculative reasons. ‘Payroll Friday’ brought another twist and another lurch. Managing currency risk, raising capital and picking commodity prices will be tougher going in the rest of 2015. These are perplexing times, but this shouldn’t stop smart deal making. … More Perplexing times – but we’re not calling time on M&A just yet