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Following the pause last week, the stock market sell-off unfortunately resumed this week. Global government bonds unhelpfully joined the downdraft as bond yields edged up. Equity markets are generally only slightly lower in Sterling terms but, for the third week in a...

At the time of writing, global stocks in aggregate are around where they were a week ago in local currency terms, but the fall in the US Dollar means the Bloomberg World index is about -3% in Sterling terms. Once again, the...

There was no meaningful recovery for US stocks this week, following their cold shower last Friday. By contrast, Europe actually managed to warm a little through this week. Investors’ shift away from the US continues, and markets are no longer enamoured by...

We end the week on a slightly downbeat note, not borne out of the astounding shifts in US foreign policy, but because US domestic service sector sentiment seems to have sagged. The US 10-year bond yield has dropped back to below 4.5%...

Another dramatic week in global politics had rare and fascinating effects on capital markets. The Trump administration’s apparent plan to negotiate a Ukraine peace deal without European input, but leave European nations to foot the bill and bear the political consequences, is...

The week began with, potentially, a very distasteful pill to swallow. On Friday evening, just before 6pm GMT and after European markets had closed, Trump announced another 10% of tariffs on China and new 25% tariffs on Mexico and Canada, the US’...