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The quick and the not-so-quick
27 July 2019It’s official: May is out and Boris is in. But despite the political changes this could bring, currency markets hardly reacted. £-sterling started the month at €1=£0.897, and remains at that level at the time of writing....
Twere well it were done quickly
19 July 2019It has been another reasonable week for risk assets, especially equities. At the time of writing, markets around the world are within a percentage point of last week’s highs. In the US, large cap stocks are floating just off...
Liquidity drives stock markets to new highs – for how long?
5 July 2019The highly anticipated meeting between US President Trump and China’s President Xi Jinping at the G20 summit in Osaka came and went - with somewhat of a damp squib outcome compared to some sky-high expectations of an end to...
The middle of the year – a tipping point?
28 June 2019We’re heading into the end of the first half of the year, so let’s go through where what we were thinking at the start of the year and where we are now. The end of 2018 saw another bout of market liquidity squeeze and its...
Mixed messages
14 June 2019After a good start, June has carried on in a positive way for investors. Over the past week stock markets consolidated their gains, while bond yields stopped falling. Following the rapid deterioration of US manufacturing data,...