This year’s Jackson Hole conference was rather disappointing in the sense that it didn’t deliver much out-of-the-box thinking with regards to monetary policy. US policymakers, meanwhile, highlighted that the case for a second rate hike has become stronger.
October showed fairly sizeable movements on the equity, fixed-income and foreign exchange markets. Once again, central bank activity had a lot to do with this. Our expert, Johan Gallopyn, outlines the main trends of the past month.
Prospects of better trade relations between the United States and China led to rising equity prices in November. Our expert, Johan Gallopyn, analyses the most important trends in the equity, bond, currency and commodities markets for you.
Financial markets took a serious hit at the start of 2016 on yet another wave of worries about China. It’s widely accepted that a severe economic crisis in China is one of the most important risks again for this year. We agree.
By the time the outcome of the UK referendum to leave the EU became clear, the pound sterling (GBP) started the steepest descend in 24 hours against the euro since the European single currency came into existence. Against the dollar, GBP experienced its largest two-day drop in the post-Bretton Woods era.