International Horizons – Japan in 2015

International Horizons –  Japan in 2015

Both the Japanese government and the BOJ were forced into action late last year as it emerged that the economy had fallen into recession during the third quarter.

This saw the BOJ announce an extension to its current stimulus package, which will see an additional 30 trillion yen printed annually, while the Prime Minister announced a delay to the second round of consumption tax increases.

The Prime Minister followed closely on the heels of his initial action with a further announcement which saw […]

By |2020-09-09T09:42:51+05:30Monday, January 19, 2015|Categories: Japan, Macros|0 Comments

Commodities Focus – Gold Outlook 2015

Commodities Focus – Gold Outlook 2015

In what was a volatile year for the precious metal, gold set new lows in 2014 but on the whole, held up better than many had previously anticipated.

Now with a resurgence of risk in financial markets juxtaposed against the much evolved monetary policy environment in the US, the question that many precious metals focused investors are now asking themselves is; where next for gold prices in 2015?

While we do not have any one specific price target for gold in 2015,  we […]

By |2020-09-09T09:42:52+05:30Thursday, January 15, 2015|Categories: Gold, Macros|0 Comments

Commodities Focus – Crude Oil in 2015

Commodities Focus – Crude Oil in 2015

Crude Oil remains under pressure into the New Year

One of the biggest stories of 2014 in financial markets was the collapse of oil prices, which fell by 50% from $115 per barrel (European Brent) in June to just $56 per barrel at the close of December. Since this time the benchmark has fallen by a further 20% during the opening days of January.

In addition to prompting substantial revisions to earnings expectations for oil producing corporations and sovereign states the collapse in prices […]

By |2020-09-09T09:42:52+05:30Wednesday, January 14, 2015|Categories: Crude Oil, Macros|0 Comments

International Horizons – Europe in 2015

International Horizons – Europe in 2015

European economies continue to lag into the close of the year

The year of 2014 was characterised by a reawakening sense among investors that another crisis could be building.

Despite the economic under-performance and geopolitical risks which have emerged, increasing expectations that the ECB will eventually embark upon its own program of outright quantitative easing have underpinned continental equity markets.

In terms of growth, Europe suffered multiple setbacks at both the core as well as on the periphery during 2014. This was […]

By |2020-09-09T09:42:52+05:30Wednesday, January 14, 2015|Categories: Europe, Macros|0 Comments

UK Investor Focus – 2015 Outlook

UK Investor Focus – 2015 Outlook

UK Economy cools at the close of 2014

Following a string of weak data in the run up to year end and at the open to 2015, UK PMI surveys were among the first releases from the UK economy in 2015. Each of these missed estimates, with construction and services sector activity falling to an 18 month low, while the manufacturing industry cooled more moderately following a longer run of under-performance.

At present, all of the incoming data from December continues to suggest that UK […]

By |2020-09-09T09:42:52+05:30Wednesday, January 14, 2015|Categories: Macros, United Kingdom|0 Comments
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