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Market Bulletin

WeekWatch (05/08/2019)

Back in 2008, an eloquent British journalist and politician wrote that the drop in sterling during the holiday season was no less than “the definition of a national humiliation”, placing the blame squarely on the then-Labour administration. Fast forward 11 years and the journalist is now

WeekWatch (29/07/2019)

The ‘blond bombshell’ finally has the keys to 10 Downing Street. Having won the Conservative Party leadership contest with 66% of the vote, Boris Johnson entered through the famous black door on Wednesday afternoon. He will have been greeted by Larry the cat. The ‘Chief Mouser

WeekWatch (22/07/2019)

The Beatles performed their last live concert on a rooftop in London just a few months earlier; Bryan Adams was enjoying “the best days of my life”; and, 50 years ago last Saturday, Apollo 11 landed the first men on the moon. 1969 was, indeed,

WeekWatch (15/07/2019)

Well, so much for the ‘special relationship’. UK ambassador Kim Darroch resigned on Wednesday following leaks of confidential communications in which he described the Trump administration as “inept” and “uniquely dysfunctional”. Trump’s rather more public denouncement of Darroch as “wacky”, “pompous” and “very stupid”, coupled

WeekWatch (08/07/2019)

As ever on 4th July, skies across the US were lit up with firework displays commemorating the anniversary of the Declaration of Independence. The largest display was in New York; the $6 million show included more than 75,000 individual shells, lasted more than 25 minutes

WeekWatch (01/07/2019)

It is sometimes said that equity investors look for opportunities, whereas bond investors look for problems. Over-simplification it may be but, all the same, markets currently present a curiously two-sided picture. On the one hand, equity markets remain in rally territory, even though the S&P 500

WeekWatch (24/06/2019)

Someone, it seems, is bluffing. Last week, Conservative MPs whittled down their leadership contenders to just two. Both candidates argue they can negotiate a new and better Brexit deal, and one of them claims he can agree it before the deadline of 31 October; the EU,

WeekWatch (17/06/2019)

In the British Museum hangs a 17th century painting of Tao Gu, a tenth century Chinese scholar, clutching his latest poem. These days, however, Tao is better known for a brief reference to a “fake mutton” dish made of tofu – the earliest known mention

WeekWatch (10/06/2019)

It was a week to look back: Western leaders gathered in Normandy to mark 75 years since D-Day; Lech Walęsa, former Polish president and winner of the Nobel Peace Prize, spoke in memory of Poland’s first semi-free elections 30 years ago; and Hong Kong residents

WeekWatch (03/06/2019)

“It is a tale / Told by an idiot, full of sound and fury, / Signifying nothing.” Macbeth might have been talking about life, but similar sentiments are already being expressed about the Conservative leadership contest, which began last week. At the last count, 13 MPs

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