International Communique No. 289 - 27th April 2021 WALL STREET CRIES WOLF The climate has remained supportive for risk assets despite the continuing hardship resulting from the pandemic. Some concerns [...]

International Communique No. 288 - 20th April 2021 RISK APPETITES INCREASING Last week ended with equity indices continuing their ascension. Large-scale vaccination is continuing at a rapid pace, even in [...]

International Communique No. 287 - 13th April 2021 THE CALM BEFORE THE CORPORATE EARNINGS STORM Latest figures have shown that the world economy is recovering from the pandemic-driven recession. As [...]

International Communique No. 286 - 7th April 2021 STRING OF NEW RECORDS Better-than-expected economic indicators and the planned infrastructure programme have bolstered forecasts for a swift recovery in the US [...]

International Communique No. 285 - 30th March 2021 EQUITIES SHINE IN MARCH Stocks are ending March with four weeks of consecutive gains under their belt. In contrast, the relative performance [...]

POWELL REASSURES AS SPRINGTIME SETS IN Markets have recently been unnerved by the prospect of resurgent inflation in the US and a consequent rise in interest rates by the Fed. [...]

STRONG TAILWINDS HELPING CYCLICAL STOCKS Sector rotation continued last week as the end of the pandemic drew closer, reflected by continuing progress in vaccination campaigns and fears of inflation. Investors [...]

RISING US LONG-TERM YIELDS SPOOK INVESTORS Last week ended on a mixed note as the various asset classes performed differently. The Nasdaq has given up 10% since its high at [...]

A BITTER FORETASTE The final week of February left investors with a foretaste of what might occur if central banks were to switch to tightening. The correction hitting major market [...]

WIND OF CHANGE IN BOND MARKETS The focal point for investors is now the changing trajectory in the bond markets. Price action on equity market indices – mostly stable to [...]