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Steady markets vs. noisy politics
24 August 2018Following last week’s upheaval over Turkey’s currency nosedive, this week proved remarkably calm in markets. There was a broad recovery and the US’ S&P 500 stock market index even hit an all-time high on Friday, which...
Political strongman tactics come home to roost
17 August 2018This week continued in decidedly risk-off mood in global stock markets, as concerns spread that Turkey’s currency tail spin could spread to all emerging markets and cause considerable damage to the Eurozone’s banking sector...
Summer heat wave makes way for return of political heeadlines
10 August 2018Having returned from my annual summer holiday that took me across the heat-parched landscapes of western Europe, it feels like I have been cheated for the summer lull. As last month’s asset class returns table above shows, July...
A gentle deceleration?
3 August 2018The week has been good US tech giants, not great for Chinese and Hong Kong stocks, and choppy for UK and European companies. Donald Trump upped the ante in the trade war with China; China responded in a measured way that could...
Hot air for a hot summer?
27 July 2018The summer holidays are underway and the silly season (that period where newspaper editors are away and the interns and apprentices are in charge but only allowed to write about pets and the weather) begins next week. This summer...
Earnings are growing, why worry?
20 July 2018Companies across the developed world are reporting their earnings for the second quarter, and forecasts for the rest of the year and, so far, many are backing up Chris’s observations. As of yesterday, JP Morgan reported: Consensus...