Macro Round-up – October 29th 2019

Recent media report suggest that the European Union (in spite of protestations from France) will offer the UK a Brexit extension date of January 31st, At the time of this note, October 31st will be a date celebrating Halloween rather than the glorious Brexit date...

Macro Round-up – October 21st 2019

The exhausting psychodrama that is Brexit continues unabated. This week’s episode involved a delay on the approval of the withdrawal agreement between the EU and the UK in addition to the delivery of an unsigned letter to Brussels by the UK government requesting an...

Macro round-up – October 14th 2019

Post the EU’s rejection of Johnson’s first suggested deal and a meeting with Varadker, the UK have proposed a second “solution” to the Brexit Irish border conundrum. The initial optimism with regards the viability of this proposal has now given way to its associated...

Macro Round-up – October 7th 2019

The US ISM manufacturing figure disappointed markets as it echoed the economic negatives of the continuing trade war that is beginning to impact on investors forecasts for future growth. The reading of 47.8 was well below expectations of 50.0 and will put more...

Macro Round-up – September 30th 2019

The trade war between the US and China moved into different territory with news stories suggesting that Chinese companies would no longer be allowed to list in the US. At the time of this note there was no definitive comment from the Trump administration but it does...

Macro Round-up – September 23rd 2019

The Fed, as predicted cut short term rates by a 0.25% however, they disappointed some market participants with their forward guidance. The decision was not unanimous with seven Fed governors approving the 0.25% cut, two wishing for the rate to remain on hold and one...