28 November 2022

FED minutes and PMI surveys support markets

The week just gone was marked by the release of the minutes of the FED and ECB meetings. A reading of these documents seems to indicate a reduction in the pace of interest rate rises in the coming months, with…

21 November 2022

The idea of a slowdown in the rate hike strengthens in the markets

The markets continue to look at the health of the economy on the one hand and the words of the central bank governors on the other. Thus the idea of a slowdown in the rate hike is reinforced, and on…

14 November 2022

Between hope for inflation and cryptocurrency crisis, markets choose the former

The week was dominated by data on US inflation, which continued to fall in October. Hopes about the end of the FED’s restrictive monetary policy phase were rekindled and stock markets rose, with technology leading the way. The euphoria over…

7 November 2022

Central banks send mixed signals to financial markets

The past week was characterised by many central bank decisions. The RBA, BoE and FED decided on further interest rate hikes, but sending mixed signals and reviving the assumption that the restrictive monetary policy cycle is in its final chapters….

31 October 2022

A week of mixed earnings reports did not stop stock rally

A week of mixed quarterly reports, particularly negative for the technology sector, did not stop the rally in the stock market, while on the interest rate front we note the differing views of the ECB board (rates up 75bps but…

24 October 2022

Rally from quarterly reports in a volatile week

The week on the financial markets began with good quarterly results from US banks and ended with an eye on monetary policy, in a quarterly rally that well represents the volatile climate on the markets at this time. In the…

17 October 2022

US inflation data and the UK government’s spin

The week just gone on the financial markets was dominated by US inflation data and the UK government’s spin on fiscal policy choices. What ‘triumphed’ in the end was once again concern about new rate hikes and a subsequent possible…

10 October 2022

Double-faced week: Fed pivot and still tight labour market

A double-faced week just passed in the financial markets. Expectations of an imminent end to the Fed’s rate hike (pivot) revitalised equities and bonds, but the cold shower of labour market data, coupled with the many statements by the Fed…