Daily Commentary 08/06/2016

EU GDP was marginally higher, coming in at 1.7% p.a., beating expectations. The growth rate in the economically challenged economy has been difficult, to say the least, while the disparity is obvious. The powerhouse of Germany has dragged the retarded Med states away from stagnation. Germany has gained from the EUR, stimulating exports, through a…

Daily Commentary 03/06/2016

Equity markets were static overnight, as pundits await the Non-Farm Payrolls and Employment numbers from the US, tonight. This has growing influence, as the Fed continues to talk interest rate rises, in the coming month or so. The US GDP number was totally underwhelming and the Feds, Beige Book, purported moderate economic growth. They also…

Daily Commentary 02/06/2016

Equity markets were flat overnight and US Manufacturing PMI posted small gains. Chinese Manufacturing and Non-Manufacturing PMI was also steady, with no major surprises, allowing global equities to settle. The EUR was trading just below 1.1200, ahead of tonight’s ECB rate decision, while the GBP slipped to 1.4400 as brexit polls tighten. The Feds Beige…

Daily Commentary 01/06/2016

The long weekend enabled market analysts to consider the Feds options. Yellen has telegraphed an interest rate rise and this should come sooner, rather than later. Monetary policy is fast becoming the problem, rather than part of the solution, so Central Banks need to correct the course. Pressure has been mounting, as proof of the…

Daily Commentary 31/05/2016

Markets were quiet, as the US celebrated the Memorial Day holiday, taking a long weekend along with the UK. This insured there was a quiet start for global markets with little in the way of economic data releases. The Yen continued to give ground, breaking above 111.00, with flat local retail sales. There has been…

Daily Commentary 30/05/2016

Yellen confirmed that it would ‘probably be appropriate’ to raise interest rates in the near future with a proviso! The Fed have always had a pre-condition to raising rates, the global economic recovery, which has failed all benchmarks. The world has missed a complete economic cycle, since the global recession, with more to come because…

Daily Commentary 27/05/2016

Equity markets were quiet, after recent rises, ahead of the US GDP number and Yellens address. Expectations are for Yellen to confirm improving economic conditions but leave rates unchanged until next month. Six months into the calendar year and interest rates remain on record lows. This is despite signaled rises from the Fed! The EUR…