Macro observations Bond markets pricing in 1 US Fed rate hike this year, either June or Dec following some decent macro data prints. However this isn’t massively evident in USD price action, probably because a) it’s only the one rate hike and b) the wider market still isn’t convinced. Note continued divergence between Eurozone and…
Risk assets are trading higher this morning, with financials and commodity-exposed names faring best on the UK 100 index. This in the wake of what was – to say the least – a volatile market reception to yesterday’s hotly anticipated ECB policy update. QE was boosted by more than expected. It now includes a wider…
This week Mario Draghi, President of the European Central Bank (ECB) fired a bazooka at the Eurozone economy which led to impressive triple-digit moves for global equity indices. Great news for our clients. Next week could prove to be just as exciting, with statements due from both the Bank of Japan (BoJ) and the US…
After yesterday’s European Central Bank (ECB) policy update smashed expectations, delivering lots of excitement in finance land and moving everything from equities and commodities to bonds and currencies, we wonder whether we could be in store for more bold monetary policy updates next week that could further boost appetite for equities and see the major…
Digital Look – 11 Mar http://www.digitallook.com/news/market-report-europe/europe-midday-banks-pace-the-advance-on-ecb-stimulus–1072167.html CNBC – 11 Mar http://www.cnbc.com/2016/03/11/reuters-america-european-shares-rebound-as-miners-and-banks-rally.html Reuters – 11 Mar http://uk.reuters.com/article/europe-stocks-idUKL5N16J15O Reuters – 11 Mar http://uk.reuters.com/article/britain-stocks-idUKL5N16J1B2 Marketwatch – 11 Mar http://www.marketwatch.com/story/european-stocks-leap-as-banks-get-an-ecb-boost-2016-03-11 Telegraph – 11 Mar http://www.telegraph.co.uk/business/2016/03/11/UK Index -100-rebounds-after-oil-jumps-as-yuan-hits-2016-high-and-dol/ Nasdaq – 11 Mar http://www.nasdaq.com/article/europe-markets-european-stocks-leap-as-banks-get-an-ecb-boost-20160311-00047 AFP/Romandie – 11 Mar http://www.romandie.com/news/La-Bourse-de-Londres-en-forte-hausse-au-lendemain-de-la-BCE/684442.rom Telegraph – 10 Mar http://www.telegraph.co.uk/business/2016/03/10/UK Index -100-wobbles-ahead-of-ecb-meeting/ Guardian – 10 Mar http://www.theguardian.com/business/live/2016/mar/10/ecb-stimulus-measures-mario-draghi-negative-rates-qe-business-live…
Cairn Energy shares are top of the this morning after the company said it was ‘delighted’ with flow rates at its latest well in offshore Senegal. Investors are gushing about news that SNE-3 produced oil at commercially viable rates (4000-5000 barrels of oil per day), endorsing the scale and growth potential of the SNE field in…