A snap UK general election was a surprise. The big question now is why, and why now? To make the most of Labour disarray and seal an even bigger parliamentary majority. For sure. However there are risks attached, and other likely reasons too; With many seeing the election as a Brexit proxy vote, bitter remainers…
Macro observations After a long Easter weekend, European markets have returned to an announcement from UK Prime Minister Theresa May that she is calling a snap UK general election for 8 June. This has come as a surprise for many political commentators, given that an election was not scheduled to take place until 2020 at the latest,…
13 Apr Financial Times “European equity markets are on the back foot heading into the long Easter weekend, with a plethora of bearish motives weighing on indices,” said Henry Croft of Accendo Markets. “The Trump-inspired US dollar sell-off continues to hurt the UK Index ’s foreign earning contingents.” https://www.ft.com/content/f0ad4a08-2033-11e7-a454-ab04428977f9 12 Apr Reuters UK “I am…
Heightened geopolitical risk following overnight US military intervention in Syria offers a timely reminder about trading and investing. It also provides us with a welcome positive takeaway that markets would appear to be overlooking into the weekend. One that could ultimately help reignite the Trump trade to record highs. Last night’s market reaction reminds us…
I’m sure you were just as surprised as me to wake up to news that the US had launched a series of overnight airstrikes targeting an airfield in Syria. Perhaps even more surprising, however, was the muted market reaction. Far from selling off significantly in response to heightened political tensions, global indices took only a minor…
7 Apr CityAM Gold traded at its highest level since the US election, rallying to a fresh five-month high of $1,269 per ounce. The price has dipped slightly from its highest points earlier this morning, but analysts at Accendo Markets noted the possible emergence of a bullish flag pattern to $1,280 per ounce. http://www.cityam.com/262566/us-air-strike-syria-sends-investors-safe-haven-assets-like 6…