The year is 1991. I’m trading Australian interest rates on the proprietary desk for Bankers Trust. The desk is headed by Richard Farleigh. And the quarterly CPI number is about to be released. In those days, there was 3 opportunities to “trade” a CPI number. First our economist, Andre Morony,... Show More
The market has been very concerned about the economic slowdown and geopolitical issues in Europe - obviously Brexit being the biggest, most significant one. Show More
There remain as many potential scenarios around Brexit now as there was two and a half years ago when the British voted for Brexit. Its still uncertain exactly what the May government wants, and exactly what the EU governments are willing to agree with. So, we sit here with all... Show More
We asked our portfolio managers to share their views on potential surprises for 2019 which on balance of probabilities are unlikely to happen but shouldn’t be written off entirely. Here are ten potential surprises for 2019. Show More
Popular wisdom from the likes of Warren Buffett, Jack Bogle, and Burton Malkiel (author of A Random Walk Down Wall Street) states that it's near-impossible to consistently time the market, so why even try? Just buy and hold for the long term, and collect your dividend cheque every six months.... Show More
UK Prime Minister faces no confidence vote following historic Brexit defeat, The Reject Shop continues to face pressure from unwanted suitor, and another Aussie retailer enters voluntary administration. Here's what's happening in markets today. Show More
In October the whole firm was rounded up and marched over the road to the grand ballroom of the Wentworth Hotel to hear about the launch of the new US Technology Fund. And I must say it sounded very exciting. Our US equity portfolio manager outlined the penetration of technology... Show More
We believe there are three key themes that will persist in 2019; divergence, disruption and debt-overhang. Invesco's Chief Global Market Strategist, Kristina Hooper, along with Arnab Das explore these themes here - and their implications for markets. Show More
As the valuation gap between the US and the rest of the world narrows, we see value opportunities outside the US. Show More
Gold prices finished 2018 on a tear, rallying well over USD $100oz from its mid August lows to close out the year at USD $1281.65oz (London Fix on 31/12/18). The metal moved higher in the first trading days of 2019, kissing USD $1300oz, though a strong payrolls report, and a... Show More
The last four months of 2018 were brutal for investors everywhere. October was particularly painful, with most managers off by -5 to -10%. So it caught my eye when I saw one posting +7% for October. This same fund has finished CY18 up 42.9%. Show More
After twenty months of political brinkmanship and the painstaking negotiations of a small army of technocrats, the UK parliament votes on Tuesday on a Brexit deal that Theresa May’s government has negotiated with the EU. The vote is almost certainly going to fail. Show More
During the last quarter US economic strength led market sentiment, resulting in a widening valuation gap between the US market and the rest of the world. This widening gap implies a much more favourable backdrop for long-term returns outside the US. Expectations of non-US countries are not only lower, but... Show More
In 1979, Greenland was granted autonomy within the Danish Realm and three years later the island’s parliament held a vote on EU membership. The main issue was control of Greenland’s fishing rights. By 53% to 47%, Greenlanders opted to leave. It took three years to formulate the island’s departure and... Show More
Here are ten things that I think will shape the global and Australian economies in 2018, and that expect I’ll be talking about at conferences and events over the course of the coming year. Show More
The events surrounding Brexit have spun off many important lessons for markets, not least of which is the importance of considering all possible outcomes when assessing risk in financial markets. Show More
Local market fell on the open and then made a surprise recovery on the back of global investors trying to find a home out of Japan. Local market was supported by Banks turning positive from negative during the day while the outperformers were Gold and Energy when the Miners were... Show More
In a 45-minute speech, last night Theresa May outlined her plans/hopes for BREXIT which was tough enough to send European equities lower, led by the UK FTSE which fell 1.5%. There is a long and potentially torturous journey ahead in the negotiations between Britain and the EU. Hence a correction... Show More
After the recent experience with the Brexit vote in the UK and election of Donald Trump as President of the US, which are indicative of a nationalist backlash against the pro-globalisation establishment, there is a fear that Europe will go the same way with nationalist forces in Italy, Austria, France,... Show More
It’s very much reminiscent of the Brexit vote, where the polls also said the vote would be very close. There seems to be the same motivating factors with respect to voters too – principally those who have lost jobs and who feel they haven’t benefited at all from globalisation and... Show More
