• Lebanon… What’s the deal?

    On the 17th of October, 2019, Lebanese citizens took to the streets to protest against the govenments failure to provide adequate solutions to an ever worsening economic crisis. As the world looks towards Lebanon, examining the current developing events, we decided to speak to the people who have a real understanding of the current situation. […]

  • Reflections on my First Trade

    Today, exactly 22 years ago on 7th of August, 1997 I started something which has truly been a great journey, with many obstacles, stressful nights, countless learning curves but also a journey with a lot of fun, excitement and many close relationships and friendships being built. On that day I made my first ever investment […]

  • Markets are Skeptical about QE but Draghi is Adamant about the September move

    The new ECB’s stimulus package will not significantly help bring inflation back to target, economists surveyed by Reuters said, adding that the risk of recession in the eurozone has increased over the next two years. According to the September meeting, the ECB announced the resumption of asset-purchases for an indefinite period and took the deposit […]

  • The “Smart way” to Calculate GDP in China Could Hype the Real Growth Rate

    The “Official” pace of economic expansion in China in 3Q once again fell short of expectations, dropping to its lowest level in 30 years. Growth equaled the lower limit of the range set by the government at 6.0 – 6.5%. In order to maintain the growth rate in 4Q in the target range the government […]

  • A Hidden Problem of the US Consumer

    The lingering discord between the PMI surveys in the US manufacturing / non-manufacturing sector and the steady dynamics of consumption is probably the only thing that contains recession fears. As Morgan Stanley noted, the foundation of the current expansion was the absence of consumer shocks, which, in fact, began most of the past recessions. A […]

  • Johnson Adresses Parliament WIth New Brexit Plan

    Johnson Urges Unity Over New Brexit Plan Following his submission to EU leaders this week, UK PM Boris Johnson addressed parliament yesterday to lay out his amended Brexit plan. The PM urged politicians across the political divide to “come together in national interest” and back his deal so that the government can move on to […]

  • Daily Market Outlook, September 24, 2019

    Daily Market Outlook, September 24, 2019 Main Market Themes US stocks finished little changed overnight amidst quiet trading as traders assessed mixed economic data and awaited development in USChina trade negotiations.  The Dow Jones, S&P 500 and NASDAQ ended on flattish notes after Markit PMIs indicated a modest gain in the US economy. Earlier, Germany […]

  • Daily Market Outlook, September 23, 2019

    Main Market Themes The Dow Jones, S&P 500 and NASDAQ fell by 0.5-0.8% on Friday to end a tumultuous week on a negative note amidst rising geopolitical tension and central bank actions. US treasuries yields fell 6-7bps along the curve, benchmark 10Y UST yield finished 6bps lower at 1.72% as bonds rallied after the Chinese […]

  • Daily Market Outlook, September 20, 2019

    Main Market Themes US stocks ended on a mixed note overnight as markets continued to digest the Fed’s interest rate outlook while awaiting any meaningful development in US-China trade negotiation. The Dow slipped by 0.2%, the S&P 500 was unchanged and NASDAQ picked up a mere 0.1%. Treasury yields fell across the curve by 1-2bps. […]

  • Daily Market Outlook, September 19, 2019

    Main Market Themes US stocks bounced off initial lows and ended largely flat overnight while UST curve flattened after the Federal Reserve announced a 25bps cut in its Fed Funds Rate as widely expected but signaled no more reduction in the benchmark rate this year. The decision to cut is not unanimous with a 7-3 […]

  • Daily Market Outlook, September 18, 2019

    Main Market Themes US stocks rebounded to close slightly higher overnight as the concerns over the oil market eased a little with investors now shifting focus to the Federal Reserve’s rate decision.  Major indexes struggled to post meaningful gains throughout the session The Dow Jones closed 0.1% higher while the S&P500 and NASDAQ each rose […]

  • Daily Market Outlook, September 17, 2019

    Main Market Themes Markets were mired in risk off mode with risk assets under selling pressure yesterday, as the weekend’s drone attacks on Saudi’s oil facilities heightened geopolitical concerns between the US and Iran. Major stock indices ended in the red in the US and Europe but mixed in the Asian markets, amid weaker than […]

  • Daily Market Outlook, September 16, 2019

    Main Market Themes Crude surges on attack in Saudi Arabia. Over the weekend, a drone attack on a Saudi processing facility has resulted in WTI gapping higher to 60.86 early Monday in Asia. USDJPY (and USDCAD) gapped lower below 108.00 to 107.81 on the back of risk aversion while US Treasury futures are a touch […]

  • Daily Market Outlook, September 13, 2019

    Main Market Themes Global financial markets was surrounded by positive vibes yesterday and overnight, first on softer stance by both China and the US on their longstanding trade spat, followed by ECB’s stimulus measures.  The ECB did not disappoint, delivering a 10bps cut in its deposit facility and revived its bond purchase programme with a […]

  • Daily Market Outlook, September 12, 2019

    Main Market Themes Key equity indices all ended in the green globally in a day where markets anxiously await ECB policy announcement later today, while Brexit and trade tension somewhat receded.  It was a rather quiet and listless day punctuated by President Trump’s tweet lambasting the Fed again, calling for the Fed to lower rates […]