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2012-01-19 20:00:23 Politics continues to drive the direction of the marketsThe Euro moved slightly higher and risk picked up slightly as rumours emerged that the IMF is proposing a US$1 trillion expansion of its lending resources. The IMF are aiming for an agreement to be... |
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2012-01-19 20:00:23 The damage to Euro is limitedThe Euro moved lower on Monday after multiple downgrades to the Euro zone members on Friday. In yesterday’s news S&P announced the downgrade of the EFSF by one notch to AA+ but this did little to... |
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2012-01-19 02:00:11 Chinese expansion provides rest bite from Eurozone woesRisk assets enjoyed an upbeat session yesterday as markets digested positive news on Chinese economic growth. The Chinese economy expanded by 8.9% in the fourth quarter of 2011 compared with the... |
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2012-01-16 11:00:15 S&P casts a shadow over Europe.The key news since Friday lunchtime has been a wave of European sovereign credit rating downgrades from S&P – including a one-notch cut to France. Long term ratings on Cyprus, Italy, Portugal,... |
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2012-01-15 12:00:17 Debt refinancing puts pressure on the EuroThe Euro continued its New Year rally in early trading yesterday following better than expected German and Eurozone manufacturing data. This positive tone for the Euro provided by encouraging... |
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2012-01-15 01:00:40 Greece goes back under the spotlightChancellor Merkel and President Sarkozy met with the aim finding a common French-German position ahead of the upcoming EU Summit. As expected the subsequent press conference yielded little in the... |
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2012-01-14 22:00:20 Markets take a breather...For the first time in a while the Euro-zone concerns took a back seat. Sidetracking markets’ attention was optimism over the US earnings season and positive news from China. Although Chinese... |
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2012-01-14 19:00:13 Successful debt auctions bring risk sentiment back to the marketSovereign debt auctions are being closely monitored in 2012 as markets look for positive sentiment from investors. Yesterday’s auctions in Madrid and Rome did not disappoint as Spain sold nearly... |
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2012-01-14 19:00:13 Risk off tone returns to the marketsYesterday the tone of the markets turned as both GBP and EUR fell against the USD. The main catalyst was untimely comments from the Fitch credit rating agency. He stated that the ECB should ramp... |
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2012-01-09 13:00:13 Euro debt continues to weigh on the marketDespite the positive news from the US, risk and equities struggle to make gains as concerns in Europe remain. Economic data from the Eurozone was on the negative front as retail sales declined at a... |
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2012-01-08 22:00:14 Euro under renewed pressure from both East and WestYesterday saw the pound reaching its highest level in 15 months against the euro amidst a backdrop of deepening debt-crisis concern after French borrowing costs increased at the country’s first... |
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2012-01-04 12:01:01 Positive start to 2012Stronger than expected data across the globe spurred optimism for the year ahead. China, Europe, US, UK and even India printed decent numbers, pushing equities higher for the second day in a row... |
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2012-01-03 12:01:06 Outlook for 2012Happy New Year to you all. To kick start things, I thought I would highlight a couple of major themes that may play out this year. Speculation surrounding the Euro and whether it will break up has... |
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2011-12-21 13:51:09 Volatility could continue this week.Last week markets refocused on the fact that the latest European summit did precious little to avert a deepening crisis. A decrease in risk sentiment accelerated the decline in the Euro to below... |
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2011-12-21 13:51:09 Eurozone debt continues to dominate the news.Overall economic news was better than expected in both Europe and the US. The ‘flash’ PMIs from the Euro zone were better than expected (albeit still signaling contraction). Meanwhile from the... |
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2011-12-21 13:51:09 Euro continues its fall from graceEUR USD was the force behind much of the movement seen in yesterday’s session. The pair traded to its lowest levels since January sending GBPEUR to another new high and keeping dollar-receiving... |
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2011-12-21 13:51:09 Doom and GloomStill no clarification on Euro-zone issues; causing the market to lose even more faith and rush to the safety of the USD. Both GBP and EUR have been thumped again overnight against the USD. German... |
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2011-12-21 13:51:09 The Euro continues to get hurtThe Euro summit did little to stave off another bad day for the single currency yesterday as it dropped to its lower level since October against the US Dollar and its lowest level since February... |
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2011-12-21 13:51:09 Markets fairly muted after EU SummitMost agree that the European leaders have taken small steps forward in dealing the debt crisis but still have a long road ahead. News was fairly in line with what was being discussed before the... |
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2011-12-21 13:51:09 No surprises from the central banks whilst Cameron and Merkozy agree to disagreeBank announcements from the ECB and Bank of England failed to surprise yesterday with Europe cutting rates by 0.25% and the UK MPC keeping rates and QE levels on hold. Mario Draghi managed to... |
