WeekWatch – Wall Street lead little upward momentum

Wall Street

Stock Take “There is no subtler, no surer means of overturning the basis of society than to debauch the currency,” warned John Maynard Keynes, probably the greatest economist of the 20th century. Spare a thought, then, for Venezuelans. At the start of 2018 a cup of coffee typically cost them a quarter of a bolívar; [read more]

Market Bulletin – Pinball Pound

Pinball Pound

Brexit developments sent sterling careering, while fears over China and banks weighed on global markets. “Minister, Britain has had the same foreign policy objective for at least the last 500 years: to create a disunited Europe,” said Sir Humphrey Appleby, the slippery senior civil servant in the 1980s TV comedy, Yes Minister. “We had to break the [read more]

Market Bulletin – Cutting Edges

Cutting Edges

Trade tensions reached a new level on technology fears, pushing down stocks around the world. Over the long term, China can lay claim to pioneering some of the world’s most significant inventions. Gunpowder, paper, the compass and printing may be the famous four that Chinese schoolchildren memorise in school, but there are many more; among [read more]

Market Bulletin – A Good Deal Worse?

A Good Deal Worse?

May’s Brexit deal split her Cabinet, imperilled her leadership, and rocked markets. There are decades when nothing happens and there are weeks, said Lenin, when decades happen. Has the UK just been through one of those weeks? There are reasons to think so. When Theresa May delivered first a Brexit deal and then Cabinet approval [read more]

Market Bulletin – Distant Horizons

Distant Horizon

In a week marred by violence on both sides of the Atlantic, positive indicators in leading economies could not prevent markets delivering a mixed performance. “The future influences the present just as much as the past,” said Friedrich Nietzsche – an insight that could surely be applied to markets. Events in the US last week [read more]