Angus Campbell, Capital Spreads

Morning commentary: Capital Spreads

Read more of Angus’ commentary at www.capitalspreads.com

Spain bond yield spike attracts sellers back to equities

18 September 2012
The old worries just don’t seem to want to go away as Spanish bond yields creep higher taking them back above 6%.

Can markets now make it to new highs?

17 September 2012
After a euphoric week where equities enjoyed substantial gains a little bit of a reality check is just bringing a few investors back down to earth this morning.

Bernanke brings relief to the markets

14 September 2012
After what some may have labelled as a gentle day during UK trading hours, the US markets opened and Fed Chairman Ben Bernanke took his stand to bring some relief to the market bulls.

Big day for Bernanke ahead of FOMC meeting

13 September 2012
Today is Ben Bernanke’s big day and with such a build up to the FOMC meeting, which takes place later today, any lack of stimulus measures will probably be taken badly by the market.

All eyes on Germany’s constitutional court

12 September 2012
Today sees one of the major risk events take place with the German constitutional court ruling due to announce that the ESM is in fact legal and the euro project can continue on its way.

Worries over China hit UK retailer Burberry

11 September 2012
A worrying piece of corporate news this morning has come in the form of Burberry’s profit warning which has seen the stock open down 17% on the open.

Markets in respite mood this morning

10 September 2012
After last week’s euphoric buying spree across global indices markets are in respite mood this morning as they contemplate the chances of the US’s Federal Reserve taking similar action to the ECB.

Bulls carry indices even higher

7 September 2012
Super Mario can almost lay claim to his name after announcing his plans to “do whatever it takes” to save the euro.

All eyes on ECB today

6 September 2012
All eyes on the ECB today but already we have seen leaks from the central bank which has almost entirely told us what to expect.

Investors testing their nerve ahead of ECB meeting

5 September 2012
Investors are having their nerve tested in the run up to tomorrow’s ECB meeting which is seen by many as crunch time for not only the eurozone but the global economy as well.

Spain headlines not conducive to ‘long risk’

4 September 2012
Earlier we had been calling the FTSE to open flat to higher but the moment the session got underway the sellers sent us lower.

Historically negative September gets off to strong start

3 September 2012
So it’s back to school for most and politicians return to Parliament as the summer draws to a close and September gets under way.

All eyes on Ben Bernanke today

31 August 2012
Ben Bernanke will give his words of wisdom at Jackson Hole today and as indicated by investors across the pond last night expectations of any radical announcement have been quashed.

Will the ECB intervene in the European bond markets?

30 August 2012
The expectation that the ECB is going to intervene in the European bond markets to cap peripheral bond yields is reaching fever pitch.

Eurozone woes continue to dominate

29 August 2012
When looking back on the past few weeks little has changed in terms of investor sentiment towards the prospect of more stimulus from the Federal Reserve and ECB.