06 August 2019
Central bank watch
Dovish central banks: investors want more
Equity investors focused on central bank language in July. On 10 July, during Jerome Powell’s semi-annual hearing before Congress, the […]
06 August 2019
01 August 2019
Central bank watch
FOMC Meeting July 2019
The FOMC met 30-31 July and announced a rate cut of 25 basis points. This is the first rate cut […]
26 July 2019
Central bank watch
Meeting of ECB Governing Council in July – as close to action as they could get
After the 22 July meeting of the ECB’s Governing Council, the Policy Statement was about as dovish as could reasonably be […]
12 July 2019
Markets and central banks
Christine Lagarde, the European Central Bank’s next president
Following intense negotiations, EU leaders agreed in early July on the succession plan for the presidency of the EU Commission […]
08 July 2019
Central bank watch
A sea change in investors’ outlook for the world economy
Bank of England (BoE) governor Mark Carney gave a concise analysis last week of how anticipations have evolved recently in […]
05 July 2019
Markets and central banks
Central banks commit themselves in June – But to what exactly?
June was characterised by a strong rebound in global equity valuations and a significant rise in bond markets as central […]
02 July 2019
Investing
Chart of the week – China: not just talk – actually easing monetary policy
In China, monetary easing continues. In contrast to the recent shift toward talk of easier monetary policies among the G3 […]
21 June 2019
Markets and central banks
FOMC meeting June 2019 – shaping up to reverse course
At its June FOMC meeting, the US Federal Reserve left the target for the fed funds rate at 2.25-2.50%, but […]
21 May 2019
Markets and central banks
Chart of the week – inflation: healthier than it is given credit for
While recent eurozone consumer price data signalled a rise in inflation, this has generally been attributed to erratic calendar (seasonal) […]
23 April 2019
Markets and central banks
The ECB turned more dovish in March
The tone of the March ECB meeting was more dovish than anticipated, with three key pieces of new information grabbing […]
08 April 2019
Markets and central banks
2019: Doves abound in the first quarter
Dovish policy actions by G3 central banks during the first quarter of 2019 are an acknowledgement that financial conditions do […]
05 April 2019
Markets and central banks
2019: markets fly in Q1 as central banks lift investor sentiment
Investors rediscovered their risk appetite after a weaker economic backdrop led major central banks to take their foot off the […]
03 April 2019
Markets and central banks
Global liquidity improving, but markets still need China
Markets and economies should welcome looser central bank policies, but other drivers will need to join in for emerging market […]
07 March 2019
Markets and central banks
Central bank dovishness returns
Global markets extended their gains in February, with the pause in monetary policy tightening that the Federal Reserve had hinted […]
20 December 2018
Markets and central banks
Breaking up (with forward guidance) is hard to do
On the surface, the outcome of the 18-19 December Federal Open Market Committee (FOMC) meeting and Fed Chairman Powell’s press […]
31 October 2018
Markets and central banks
The six key themes for US Treasuries in Q4 2018
The primary themes impacting the yields of US Treasuries and the pricing of future levels of inflation (via breakeven inflation […]
28 October 2018
Markets and central banks
CAUTION: Criticising the Fed will have consequences
It’s not the job of market participants to tell elected officials what to say or not to say, but it […]
12 October 2018
Markets and central banks
October equity rout – higher interest rates not the sole culprit
Key takeaways: US interest rates have moved notably higher on the back of strong data and Federal Reserve communications that […]
