Daily Commentary 29/05/2015

Markets were quiet overnight with little in the way of formative economic data. The Greek deal is no closer to a conclusion, apart from the obvious sequence of time, the solution will be a compromise. The Greeks deal from a position of strength, in that they realize the EC cannot allow their withdrawal, but can…

Daily Commentary 28/05/2015

European markets rallied, with growing confidence of a deal, in the Greek debt crises. The Greeks announced a deal was ‘imminent’ although this was refuted by the EC. Confusion reigns supreme, as is the norm, with the Greek tragedy. Emergency funds are being made available to the Greek Government with compromise likely to avoid a…

Daily Commentary 27/05/2015

Equity markets crashed, in the USA, when they opened after the long Memorial Day weekend. Yellen assured markets that interest rates would rise this year if global economic conditions warranted it. Economic conditions have been, at best, mixed. Equities thrive on the mega-liquidity global Central Banks have been more than happy to flush markets with…

Daily Commentary 26/05/2015

The markets were extremely quiet to open the week due to the Memorial Day holiday in the US. European markets were weaker with ECB bond buying program’s constipated. Greek talks continue with the latest release of the bailout in June becoming the next big crises date. Negotiations continue for an agreement but history has told…

Daily Commentary 25/05/2015

Equities completed a non-descript week with no real market moving data and little to define the Geo-Political issues. Greece will negotiate a compromise because the EU does not need a fissure and the Ukraine will be ignored as much as possible. The people are rioting in Kiev to protest the corrupt new ‘democratic regime’ and…

Daily Commentary 22/05/2015

A wealth of economic data failed to excite markets although equities still trade at close to record levels. The Greek situation is said to be on the verge of settlement, although this has been said for years, while the Ukrainian situation escalates to all-out war. Europe remains in flux, floating between economic and military turmoil,…

Daily Commentary 21/05/2015

Fed minutes were the talk of the markets overnight with assurances of economic growth and a rosy future. The observation was of ‘transitory weakness’ being an excuse to defer interest rate rises. The problem with transitory is that it is open…’how long is a piece of string’? Housing data confirmed a surge but this has…