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…

Daily Commentary 17/10/2014

Markets continued to leak overnight despite attempts by St Louis Fed President Bullard to calm the storm. He advocated further extension of monetary stimulus to combat the sharp collapse in confidence. The European Union is under extreme pressure with the spotlight focused directly on growth. The EU is sadly deteriorating into another recession unable to…

Daily Commentary 16/10/2014

European markets hit the panic button overnight with share markets losing over 3%! A sudden realization or the straw that broke the camel’s back? The German market looks like it has gone back into recession and that was the only beacon of hope. The EU economies have recovered, only marginally since the GFC, all the…

Daily Commentary 15/10/2014

Equity markets stabilized overnight but for how long? The melt down has been aggressive and currencies have been hit along with commodities. Oil has been one of the major victims, with demand plummeting, endorsing some very long time bears. The USD recovered strongly with renewed confidence and a hint of the ‘safety play’. The EUR…