Macro Round-up July 15th 2019

The Federal Reserve (Fed) Chairman Jay Powell provided the anticipated dovish testimony to Congress. Unfortunately, the Fed have to navigate the necessary fundamental actions required for the observed slowdown in the economy against the perception that they are acting...

Macro Round-up July 8th 2019

The “jockeying” for EU positions seems to have come to a temporary halt with the most important appointment from a market perspective being that of Christine Lagarde as Mario Draghi’s replacement as the head of the ECB. Lagarde’s professional training is that of a...

Macro Round-up – July 1st 2019

The G20 meeting concluded with some form of respite for investors who were alarmed by the risk of an escalation in the US China trade war. The declared ceasefire between Trump and Xi Jinping may be only temporary especially in light of bipartisan support in the US for...

Macro Round-up – June 24th 2019

The next UK Prime Minister is to be chosen by the 160,000 members of the conservative party in a postal ballot. That such a decision is being made by a tiny proportion of the population is not a ringing endorsement of the UK democratic process, something that may be...

Macro Round-up June 10th 2019

Unsurprisingly, Trumps threat of Mexican trade tariffs were rescinded. This follows criticism from US farmers, auto manufacturers and the general business community. Interestingly, not a single Republican politician announced their public support for these proposed...