Investment Markets Overview — W/E 4th December 2015

A new World heavy-weight boxing champion was crowned last week-end as the 6ft 9in Tyson Fury, who is of Irish-Gypsy heritage and comes from a bloodline of bare-knuckle champions on both sides of his family, ended Ukrainian Wladimir Klitschko’s 9-year reign. Anyone trading the financial markets this week could be forgiven for feeling as if they had climbed out of the same boxing-ring, battered and bruised. It was extremely volatile for all asset-classes, as market participants’ bought into the expectation that ECB President Draghi would announce more stimuli, aka QE, at the central bank’s monetary policy meeting. In the event Herr Draghi disappointed by announcing no immediate increase in QE, albeit that he did extend the current €60BN monthly “fix” from the initial end-date of September 2016 by six months to March 2017 (and forever if needed!) He also announced a further cut in the ECB’s deposit rate to -0.3%, a record low, but this was insufficient to satisfy the “credit junkies,” as stocks sold off, with volatility surging by 20%, accompanied by higher “market” interest rates, a reversal in the $/€ trend of late and a further sell-off for the price of Oil and other commodities, albeit the precious-metal variety spiked higher on the uncertainty of it all. There is more on the various asset classes below.

4 December 2015

Subscribe to the Full Investment Markets Overview Newsletter which contains the following:-

Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

 Adding to the monetary-policy concerns that markets had to deal with last week, such as the ECB anti-climax ……

Charts:
1.  Indices Weekly
2. US Imports and Exports V US Trade Balance
3. E-Z Retail Sales V E-Z CPI
4. Japan Consumer Confidence  V  CPI and Japan Vehicle Sales
5. Commodity YTD  Moves

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

“Dog Eat Dog Comes to Mind.

Click Here to view Details of the full version of this Newsletter which includes full text and detailed

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