Daily Commentary 31/10/2014

The DOW surged towards record levels after US GDP numbers confirmed the recovery is finally underway. The Fed are well aware of the state of the economy and could not continue QE. GDP rose 3.5%, for the quarter and has finally shown signs of life, in the world’s largest economy. Oil prices continue to act…

Daily Commentary 30/10/2014

QE Infinity is finite and is now over! The fed sited the vast improvement in the Labour market, with the Unemployment rate falling below 6%, while inflation has remained benign. Now the review and analysis will begin into whether it worked or not!? The Fed’s Balance Sheet is still providing massive stimulus because of its…

Daily Commentary 29/10/2014

Banking and energy stocks lead equities lower in Europe. The ECB released Bank stress tests and failed some, as expected and it was these failures, that lead the Equity markets lower. The ‘war on oil’ continued with incredible machinations involved. OPEC appears to be a less than united front, in the wake of the turmoil…

Daily Commentary 23/10/2014

The ongoing threat of terror attacks was highlighted overnight with an attack by a gunman at the parliament building in the Canadian city of Ottawa (still developing). Geopolitical issues kill confidence and spread fear through the markets. The Dow fell, in lock-step with commodity prices. Oil prices continue the march lower with falling demand and…

Daily Commentary 22/10/2014

Global equities rallied strongly overnight with speculation of an extension to the Fed’s QE and an embellishment from the ECB. Central Bank intervention is the only reason for a recovery in equities while commodities continued their tortured run. The serious problems continue to swamp markets, with Europe in virtual recession, while global demand is on…

Daily Commentary 21/10/2014

Markets were mixed overnight, although all of the bad news that was there over the last few weeks, is still there! European markets were lower, as was the Dow, but the Nasdaq and S&P tried to push in to the positive. The Geopolitical crises continued unabated despite the Ebola virus seemingly being temporarily contained. IBM…

Daily Commentary 20/10/2014

Equity markets rebounded strongly, to close the week on Wall Street, as investors boosted confidence amidst speculation that Central Banks will extend QE. The ECB has plans to commence their latest iteration of their own QE and the Fed may extend. European markets clawed back some of the week’s losses with EU Construction showing some…