Synopsis of the week Late rally on Wall Street sees Dow Jones Industrial Average sent to 11th successive record closing high on Friday which makes it the longest run since 1987. Dax flirts with 12,000 but Europe sells off on Friday’s initial US weakness. Futures marginally positive for Monday’s open. Currencies were mostly flat with positive gains in Gold hitting…
Synopsis of the week Crude Oil prices continue to hover around the $56 and with OPEC member’s commitments continuing to be met, might this be the time for a more meaningful move higher? This week has seen the MSCI’s World Index rally to a fresh all-time high showing that equity traders have not lost faith that markets will go higher….
Synopsis of the week We are still some way off the final results of a French election but this week has increased fears of a lame duck government or even a far right victory. French voters look just as dissatisfied with the current government as American voters were only a few months ago. Greece has come back into focus again…
Synopsis of the week The delivery of a white paper on Brexit by Theresa May might well have been 77-pages long but did little to answer any of the complex questions the investment community wanted clarity on. The FOMC statement on Wednesday evening rather underwhelmed the FX markets as it gave little reason to expect the next US rate rise…
Synopsis of the week It was a week of jitters as traders and investors alike tried to rebalance market exposure ahead of Donald Trump’s inauguration. The first half of the week was dominated by Theresa May’s speech on what she would be looking to achieve from March’s negotiations following the triggering of article 50. This year’s Davos WEF meeting completely…
* Actually, 19999.63 was the high, but as we’re amongst friends we decided to round up! Synopsis of the week The FTSE looks to have started 2017 off in the same fashion it finished 2016 as it continues to edge higher. European retailers suffer as UK heavyweight Next collapses with awful year-end sales figures. Donald Trump continues to use twitter as…
Synopsis of the week US equity indexes head higher as expectations that the Dow will hit 20,000 before the end of the year grow. The European Central Bank decide to extend quantitative easing from March until December 2017 but reduce the monthly spending from €80Bn down to €60Bn. FX Markets look ahead to an almost fully factored in December interest…
Synopsis of the week European traders prepare for Italian referendum disappointment and increased instability. European equity markets start December with a whimper, not a bang. The China 300 recovery is almost complete eleven months after regulatory intervention triggered its collapse. OPEC agree on a deal. (reliant on Non-OPEC nations agree to action too at their meeting next weekend). The Week…
Our Director of Investment Management Alastair McCaig comments on Dukascopy TV. He looks at the shift in Investor focus from US to European politics as the Italian constitutional referendum is now just over a week away. Friday will see the latest US Non-Farm Payrolls probably the final hurdle that needs to be cleared before a December US interest rate rise….
Synopsis of the week Resilient European flash manufacturing and services data helps ease investor worries. President-elect Donald Trump’s short video message confirms that infrastructure spending, trade agreements and regulation will be at the forefront of his plans when he takes office in January. UK Chancellor Philip Hammond still four months out from seeing Article 50 being triggered gave a cautionary…
