Angus Campbell, Capital Spreads

Morning commentary: Capital Spreads

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

Is it the end of the world or just the fiscal cliff?

21 December 2012
It almost seems pointless to write today’s comment since the World is supposed to end today!

Fiscal cliff talks stall bringing bearish signals

20 December 2012
The Christmas rally so far has been fueled purely on the expectation that there will be a deal on the fiscal cliff in the US ahead of the festive break next week that is rapidly approaching.

Bank under the focus again with UBS fine

19 December 2012
As expected another whopping banking fine has been dished out and this time Swiss giant UBS are paying the price once again for malpractice.

It’s the President who’s blinking first in the negotiations over the fiscal cliff

18 December 2012
So it looks like it’s the President who’s blinking first in the negotiations over the fiscal cliff as he backs down on the level of the higher rate of income tax, pension benefits and the US debt limit.

FTSE bumbling along just beneath 2011/12 pinnacle

17 December 2012
With the US markets sitting quite comfortably in the middle of the range of the last four/five months it is difficult to see investors over the pond pushing for too much in the weeks before the new year.

Fiscal challenges ahead for the US economy

14 December 2012
The Christmas rally seems to have taken a brief pause and understandably so after US stocks suffered from a little bit of profit taking last night.

Markets continue Christmas rally despite headwinds

12 December 2012
Discussions over the US fiscal cliff continue without a resolution but investors appeared rather optimistic about the progress in the talks between US President Barack Obama.

HSBC hit by $1.9bn penalty

11 December 2012
Another day another massive banking fine with HSBC being the one paying the price today as they are set to shell out the largest penalty ever paid by a bank, a whopping $1.9 billion.

Death of Italy’s technocrat government

10 December 2012
The weekend has seen the death of the technocrat government in Italy but in reality this will probably not mean a great deal...

European indices impress with Dax near 5 year high

7 December 2012
There’s something about the 5900 level that the FTSE really doesn’t like as once again we see profit takers creep in around these levels this morning.

Britain’s triple-A credit rating in focus

6 December 2012
There were no bunnies produced out of the Chancellor’s hat and the admission that he was not going to hit his original fiscal targets in bringing down the UK’s debt pile has put our triple A credit rating in focus.

All eyes on Chancellor today

5 December 2012
All eyes on the Chancellor today as he delivers his Autumn statement as the usual speculation does the rounds as to what he will say.

FTSE reverses earlier losses, will 5900 be next?

4 December 2012
Markets pulled back a little yesterday as the good old fiscal cliff negotiations looked to have reached a deadlock once again.

Chancellor prepares for autumn statement

3 December 2012
Markets seem to be in festive mood already even if the Chancellor is not as he prepares for Wednesday’s Autumn statement.

US economy could deal with fiscal cliff

30 November 2012
Another good show of strength for equity markets in Europe yesterday was not complemented by US counterparts as a pause for breath from the bulls slightly halted the recent strength.