Year

THE POWER OF THE MOUSE

19 November 2019

Tell me, how does this feel? The US federal budget balance now exceeds USD 1,000 billion of debt. Apple’s market cap exceeds that of the entire US energy sector and Walt Disney’s market cap trumps the sum of those of the top five eurozone banks, BNP, Santander, ING, Intesa and Crédit Agricole.

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VALUATION AND FUTURE RETURNS

13 November 2019

As US equity markets went from record to record over the past few weeks, the markets in the rest of the world (RoW) more or less managed to keep up.

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PMIS AND OTHER MIXED SIGNALS

25 October 2019

Are the global equity indices on the verge of breaking higher or are they simply back at the top of their trading range? Should we lighten up on positions here?

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CIAO MARIO

24 October 2019

Today Mario Draghi will preside over his last European Central Bank meeting. There is a lot to say about him and press comments range from the ‘whatever it takes’ period to the current discord in the decisive policy committee, after the latest decisions to lower interest rates and renew quantitative easing.

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EUR-USD Forex Dynamics

21 October 2019

At the end of September the EUR-USD cross rate had plunged below 1.09, but last week it seemed to be heading for 1.12. In October, the single currency has gained over 2% versus the greenback. So what has happened to change the picture? Or is this just a technical rebound? Time to take stock.

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