Mark Tinker

Having just returned from Europe, I was struck by the different perspectives on the two dominant themes in the markets at the moment- China and Greece, the former is being painted as a political issue while the latter is being painted as an economic one. In fact, to me at... Show More

Mark Tinker

A survey by Asian Investor gives some insight into how global investors are looking at Asia over the next 12 months. An overwhelming 41% of respondents listed China (including Hong Kong) as their first choice based on location, with first, second and third choice votes for China adding up to... Show More

Mark Tinker

The Shanghai Composite suffered another bout of volatility as margin requirements were tightened once again. This is becoming a regular pattern as the authorities move to take leverage down. Just like the property market, the authorities want the Chinese equity market to be firm rather than racing away, but they... Show More

Mark Tinker

Emerging market debt had a torrid time in May/June, certainly reflecting continued unwinding of leveraged bond trades generally, but also hit by sovereign credit stories on Turkey, worries about Indonesia and India and a slowdown in China- a key source of demand for many emerging market countries and companies. To... Show More

Mark Tinker

Many markets, including Hong Kong, are operating a short week this week thanks to the May day bank holiday, which doubtless will leave Monday relatively quiet as well as many take the long weekend. Japan is effectively closed all week for Golden Week. In the UK, the Monday is the... Show More

Mark Tinker

It was interesting to see an article in the Economist this week focusing on Chinese reform rather than the traditional obsession with the GDP number. Over the last few weeks we have seen reform allowing mainland mutual funds on to the southbound through train, announcements on capital gains and dividend... Show More

Mark Tinker

A mini 'flash crash' in the dollar last week has eased pressure on dollar shorts, including emerging markets generally and allowed a 'relief rally'. However, the dollar uptrend still looks intact. We remain concerned that the ECB's style of QE is not only failing to stimulate the economy but, through... Show More

Mark Tinker

Market Thinking - A view from the equity market. Currencies are driving everything at the moment - the S&P is either rolling over, or hitting new highs, depending on whether you are a domestic or an international investor. The US markets are flat year to date, but in Euro terms... Show More

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