Macro Round-up – November 20th 2019

Confusing and contradictory statements were the leading characteristic of news flow in the US China trade war over the last week. Market sentiment remains positive and investors anticipate some form of agreement that will be marketed as “Phase 1”. The risk to this...

Macro Round-up – November 11th 2019

At the start of last week Investors received some positive news flow with regards the ongoing US China trade war. There were suggestions that an agreement to Phase 1 of the negotiations would be shortly signed and more importantly there would be a gradual roll back of...

Macro Round-up – November 4th 2019

The Federal Reserve (Fed) reduced short term interest rates by 0.25%. This was the third cut of 0.25% this year and Powell was at pains to highlight that a fourth cut should not be automatically assumed. In essence, the Fed indicated to investors that there would be a...

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...