Although a deal on private sector writedowns of Greek debt has yet to be reached, the risk rally that began in October 2011 remains in place. Measures taken by the European Central Bank, such as cutting interest rates and providing unlimited banking sector liquidity, have certainly helped stabilise financial markets in the eurozone and beyond… [Read more]
Terry Alexander is back on the Business Monitor Podcast this week to speak about the recent performance in global equities. Since our very first podcast he has reiterated his bullish stance on stocks, a view which, almost five months later, still remains unshaken. Both the technical and fundamental picture remains conducive of further gains for… [Read more]
Risk lovers may be starting to get cold feet if recent price action in Emerging Market (EM) equities and commodities is anything to go by. Indeed, I have started to see quite a few compelling short-term sell signals in global markets, and not just confined to the frontier plays, but the major EM risk bellwethers… [Read more]
With the Chinese Shanghai Composite Index down 55% from its record high last October, many investors are hoping that the government might ‘intervene’ or ‘do something’ to boost the market. However, this rests on three assumptions, all of which have been discredited: 1: The government would do all it could to prevent an embarrassing stock… [Read more]
