This time last year we were on the brink of an unpredicted and unpredictable UK General Election and unexpectedly loud tightening noises from UK and US central banks. Still markets remained mostly becalmed. Given how 2018 is panning out, I’ll be amazed if this summer passes without drama. Investors are getting to grips with so … More What I’m watching this summer (Part 1)
The Bank of England unsurprisingly kept rates on hold last week and we have heard no more from Governor Mark Carney to help in determining the timing of any shift in policy.
New data that showed the US economy added 288,000 jobs in June, substantially higher than the 215,000 consensus economists had predicted, helped push the Dow Jones Industrial Average above 17,000 for the first time.
News that hundreds of people successfully wagered on Luis Suarez biting someone during this year’s World Cup finals should come as no surprise. This is a good example of events that at first appear quite unexpected are not really so. Mr Suarez had been banned twice before for the same offence so odds of 175-1 … More Tales of the (un)expected
Summer could bring greater volatility than we’ve seen of late, certainly in energy prices and possibly across other markets making it tougher to get equity and debt away. Beyond the short-term crises is the much bigger problem of the slow grind of the Eurozone recovery, still hampered by its still heavy debt burden – time for … More Tin hat or sun hat? A return to volatility this summer?
So the World Cup has finally kicked off in Brazil, with the opening games already seeing some controversy and upsets. The hosts won their first match 3-1 against Croatia, helped in no small way by a rather dubious penalty. The Dutch shocked everyone by annihilating the holders Spain 5-1 (could have been eight or nine), … More Lies, damn lies, statistics and expectations