Monday Digest
Markets in brace position Markets are bracing for some big upcoming events: the UK autumn budget, and a knife-edge US presidential election. Trading volumes could fall as a result, causing volatility, but that shouldn’t detract from the positive long-term outlook. The Chancellor,...
Monday Digest
Buy the rumour, sell the fact Despite competing market narratives, stock markets were generally stable last week. China was the only exception; it managed to fit a boom-bust cycle into the space of a few days. There are plenty of uncertainties, but...
Monday Digest
Why are markets so calm? Middle Eastern tensions dominated the headlines, but markets were surprisingly muted. Oil prices and the dollar gained, but risk assets remained strong. Markets clearly think pro-growth signals, like US employment and Chinese consumer spending, are more important....