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Warning Signs in Place but Large Cap Equities Roll Onwards

The majority of equity markets made further gains last week, adding to the robust rally that began in the middle of October. Large cap equities are ignoring the deteriorating performance in the credit markets and small cap equities as well as the disinflationary signals from the bond and commodity markets. These divergences have been building since June, and although they ...

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Central Banks Dominate Once Again

• Draghi gets even more Dovish • China cuts rates for the first time in two year • Central bankers are desperate to generate some inflation...but are at risk of failing           It seems that Mario Draghi is currently being granted a weekly platform from which to dangle the carrot of US style QE and to try and jawbone the Euro currency lower. He certainly did ...

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Pressure on Sterling as Bank of England Becomes Dovish

The Bank of England was pretty dovish last week as Mark Carney presented their quarterly inflation forecast. They reduced their GDP forecasts for 2015 and 2016 and now believe that inflation is likely to fall below 1% within 6 months. The outlook is “weaker due to Europe” which may well be facing the “spectre of economic stagnation” according to Mr ...

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Central Banks Dominate Once Again

November 24th, 2014

• Draghi gets even more Dovish

• China cuts rates for the first time in two year

• Central bankers are desperate to generate some inflation…but are at risk of failing

 

 

 

 

 

It seems that Mario Draghi is currently being granted a weekly platform from which to dangle the carrot of US style QE and to try and jawbone the Euro currency lower.…

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Pressure on Sterling as Bank of England Becomes Dovish

November 17th, 2014

The Bank of England was pretty dovish last week as Mark Carney presented their quarterly inflation forecast.…

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EM Crisis is Getting Closer

November 12th, 2014

 

  • - Nothing new from the ECB
  • - Decent US employment report
  • - US Dollar bull trend remains intact
  • - Emerging markets are looking increasingly vulnerable

After a Reuters report earlier last week claiming that 7 to 10 council members were against US style QE, there were quite a few who were wondering how Mario Draghi could appease the markets.…

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Emerging Economies Face Difficult Times Ahead

November 4th, 2014

It’s was an important week for central bankers with both immediate and longer term implications.…

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Central Banks come to the Rescue after a Difficult Week in Markets

October 21st, 2014

This report is written in two parts. The first about the markets generally and then a section on the Fed itself simply because you can’t understand the volatility in markets without analysing the “output” from the members of the committee.…