As politicians in the US and Europe fiddle, so global markets burn. With no sign of concerted action on the part of Western institutions to bail out beleaguered peripheral eurozone states or to stimulate economic activity on both sides of the Atlantic, equity markets continue to re-price lower. Looking at the monthly charts of a… [Read more]
North Korea’s artillery attack on the South Korean island of Yeonpyeong in the hotly disputed maritime border region is a provocative move to say the least. Although North and South have clashed at sea before, most notably resulting in the sinking of the Southern warship Cheonan in March, and have exchanged gunfire at the Demilitarised… [Read more]
One thing which I believe is becoming increasingly likely is a third nuclear test by North Korea. Last May, when North Korea tested its second nuke, I suggested that the entire nuclear dispute had taken on the feeling of one too many a season of ‘24’ – i.e. it had lost the ability to shock… [Read more]
As I write this, several key equity markets look set to fly. Regular readers of Business Monitor Online and BMI‘s weekly Emerging Markets Monitor magazine will know that my colleagues and I have been mentioning the 8,850 level for the Dow Jones. A break above this point could see global equities really fly, which of… [Read more]