A recent survey conducted by Preqin showed that 74% of investors believe we are at the peak of the equity market cycle. However, 88% answered they will maintain or increase private equity investments in response to the equity cycle (Preqin Investor Update Alternative Assets 2H19...
Japan not too long ago imposed sure limitations on exports to South Korea...
The recent events of the week have been taken largely positively to the detriment of haven assets though...
The easing cycle is alive and well in EM counties with Turkey moving forward with a significant reduction. In an unexpected move, the Central banks of Turkey chopped its benchmark one-week repo rate by 325bp. The policy rate now stands at 16.5% from 19...
Investors seem to have enough arguments to support risk appetite. The long-awaited ECB meeting along with fresh headlines from both the US and China are boosting equities which are set for another weekly gain...
In Turkey, we expect the CBRT to over-deliver with a policy rate cut of 257bp on Thursday. After the initial 425bp cut in July, inflation dynamics have improved while the currency relative stability and global low-interest rates have provided a backdrop for the CBRT to chop rates...
The latest batch of European data does not paint a bright picture of the economy. The first signs of weakness came from German when manufacturing PMIs dropped below the 50 threshold and economic growth contracted in the second quarter...
Markets are extruding a bit of skepticism and exhaustion when it comes to US-China trade negotiations. US Treasury Secretary Steven Mnuchin sound positive in remarks on trade talks yesterday stating they have “made a lot of progress”...
Market participants headed into the weekend with mixed news. From the US labor report, NFP data came in slightly weaker than expected consistent with recent slowdown...
The last batch of economic data from Germany points towards further pain. July’s industrial production came in well below estimates this morning. The gauge contracted 0.6%m/m while market participants expected a monthly increase of 0.4%. On the bright side, the June’s 1...
Yesterday, solid US non-manufacturing ISM supported growing risk appetite alongside easing U.S. China trade tensions. Global bond markets are correcting, equity markets are higher and safe-haven currencies in USD, JPY and CHF are weaker...
Pivot (invalidation): 1.1050 Our preference Short positions below 1.1050 with targets at 1.1020 & 1.1005 in extension. Alternative scenario...
Forecasting Brexit has gone from hard to impossible. The fluid, politically charged situation means probability scenario changes with the news cycle. Time like this we would just like some popcorn to watch the action from the sidelines...
In our view, the media & market is circulating a false narrative regarding relationship between President Trump reelections prospect and US growth. The thinking goes that a weaker economy will lower Trumps changes for a second term...
Forecasting Brexit has gone from hard-to-impossible. The fluid, politically charged situation means scenarios changes with the news cycle. Times like this we would just like some popcorn to watch the action from the sidelines. It looks like the UK is heading for another useless extension...
As broadly expected the Reserve Bank of Australia left the Official Cash rate at record low 1% at its September meeting...
The US is closed today for Labor Day, following last Friday's cautious finish. The key headlines driving markets are that the US imposed a 15% tariff on $110bn of China imports on Sunday with another bunch of $160bn to be unleashed 15th December...
Financial markets appear willing to close this week’s session on a positive mark, as “positive” statement made by US President Donald Trump confirm that a series of phone calls to set up a September face-to-face meeting are occurring, a news that seems sufficient to convince most investors, despi...
Despite a clear improvement of the overall market sentiment over the last couple of days, the good mood failed to spread to all asset classes. Most equities extended gains on Friday morning amid positive news over trade war negotiations between China and the US...
