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Markets not reflecting public fear
8 July 2022The murder of past Japanese Prime Minister Abe is a reminder of how much we should value our public servants and politicians. We should be grateful to all our politicians that they are prepared to do a job we need so much. Whether...
Energy price shock turns into central bank focal point
1 July 2022More than two years since the COVID virus hit Europe, it is clear that most peoples’ livelihoods have been affected more by the policy ‘medicine’ than the virus itself. Of course, without those interventions which were needed...
Public sentiment vs economic realities
24 June 2022Through much of this second quarter, the financial market narrative has been about inflation. This week the Office for National Statistics (ONS) informed us that inflation as measured by the Consumer Price Index (CPI) rose from...
Linchpin oil price
17 June 2022As central banks around the world were busy reasserting their authority and credibility as the guardians of monetary stability, last week’s stock market wobble turned into a fully-fledged rout this week. The growth concerns...
Rollercoaster for the Jubilee funfair
1 June 2022Party stalls are going up and libations are flowing for the Platinum Jubilee. But no fairground is complete without some thrilling rides. Over the last month, capital markets chipped in with a rollercoaster of their own: equity...
As recession talk subsides, inflation pressures increase
27 May 2022As we head towards the final days of May, markets appear to be calming down. Stock markets are heading for a positive week and credit spreads – the proverbial canary in the coalmine ahead of recessions – have come down sharply....