• Protests Erupt As China Approves Controversial Hong Kong Security Law

    China Approves Hong Kong Law The prospect of US action against China is looming large today following China’s approval of its proposed National Security Law in Hong Kong. The legislation was approved during China’s National People’s Congress with a vote of 2878-1. The new law, which represents the first time that Chinese law has been […]

  • Fed’s Powell Rules Out Negative Rates During Dire Economic Warning

    Powell Warns Of Long Road To Recovery Amidst a backdrop of increased expectation that the Federal Reserve might be considering moving into negative territory on rates, Fed chairman Jerome Powell quashed this prospect yesterday. Speaking at the Peterson Institute for International Economics yesterday evening, Powell gave his latest economic outlook and addressed the Fed’s monetary […]

  • The IndeX Files 05-05-2020

    Fresh Risk Factors Emerge The fundamental backdrop for equities has grown more complicated this week. We have seen a broad recovery over the last few weeks in line with the weakening trend in global COVID-19 numbers which is leading many countries to begin easing lock-downs or planning to do so. With attention now turning to […]

  • Iran Satellite Launch Raises Risks

    Following a flaring up of tensions between the US and Iran over the last two weeks, rhetoric seems to have calmed down a little this week, which has been a boost for risk markets. Last week, the prospect of conflict between the two nations spiked higher amidst increasingly aggressive rhetoric between the two nations. A […]

  • The IndeX Files 14-04-2020

    Equities Recovery Continues Global equities benchmarks are extending their recovery this week with asset markets across the globe trading broadly in the green.  Much of the recovery can be attributed to the large wave of central bank easing which has swept across markets in recent weeks. The Federal Reserve has taken unprecedented steps to help […]

  • The IndeX Files – 31-03-2020

    Central Bank Easing Supports Markets Global equities benchmarks have seen broad buying across recent sessions with many indices still holding near the top of last week’s rally. Investors finally found some comfort in the vast swathe of central bank easing announced over March, allowing equities prices to recover some of the steep losses suffered over […]

  • Fed Asks BlackRock To Help With QE

    Fed Pulling Out All The Stops As part of its efforts to help support the American economy during the economic distortion created by COVID-19, the Federal Reserve has asked the world’s largest asset manager, Blackrock Inc, to oversee several of the QE programmes recently announced. The New York Fed announced on Tuesday that BlackRock will […]

  • The IndeX Files 17-03-2020

    Equities Sink Despite Central Bank Action Global benchmark equities prices continue to trade wildly amidst a backdrop of increasing central bank action. This week, the Federal Reserve once again announced an unexpected rate cut, dropping the US interest rate by 100 basis points to 0%. Along with the rate cut, the Fed also outlined an […]

  • The IndeX Files 25-02-2020

    Fresh COVID-19 Fears Sink Equities Benchmark global equities indices have seen a severe shift in sentiment this week. With many indices beginning to track lower into the end of last week, an escalation in concerns over the scale and impact of COVID-19 has seen indices gapping lower at the start of this week, with selling […]

  • The IndeX Files 18-02-2020

    US & European Equities Rally, UK & Asian Equities Fall Global benchmark equities indices remain in stead demand this week for the most part. US and European equities are leading the pack, with a little selling pressure in UK assets as a result of a firmer British Pound recently. The corona-virus episode which has dominated […]

  • The IndeX Files 11-02-2020

    Corona-Virus Continues To Dictate Asset Price Moves Ongoing developments within the corona-virus outbreak continue to dominate action in benchmark global equities indices this week. Early optimism regarding the prospect of a potential vaccine helped fuel a wave of buying across high yielding assets last week, however, this move was short-lived and has seen further reversal […]

  • Market Cheers Trump’s Impeachment Acquittal

    Trump Retains Presidency The historic impeachment trial against Donald Trump, only the third of its kind to be brought against a US president, concluded yesterday with the president being acquitted on both articles. Such an outcome, while disappointing for some, is not a shock given that the Senate is controlled by Trump’s Republican party, meaning […]

  • The IndeX Files 14-01-2020

    Attention Turning Back Towards US-Sino Trade Deal Global benchmark equities indices have seen a pause in their recent upward trajectory though are consolidating near highs, suggesting a continuation higher is coming. The most notable themes for asset markets currently are those of reduced geopolitical risks linked to US-Iran tensions as well as the favourable backdrop […]

  • Key Takeaways From Trump’s UN Speech

    China & Iran In The Firing Line Despite the next round of trade talks being just under two weeks away, President Trump didn’t shy away from attacking his long-term rivals during his speech to the UN this week. Commenting on issues which he has long campaigned against during his presidency, Trump told the audience: “Not […]

  • The IndeX Files 24-09-2019

    Risk Markets Looking for Fresh Drivers Global benchmark indexes remain muted following the September FOMC meeting. Policymakers, led by Fed chair Powell, announced a 25-basis point reduction in the headline cash rate, the second only rate cut in a decade. However, the voting split has seen reduced pricing for further rate cuts this year with […]