- UK votes to leave the European Union; sterling depreciates
- Political backlash from referendum result
- Pessimism in global equity markets following UK vote
- Fresh record lows for government bond yields
- Flight to safe-haven assets sees gold rally
Imperium Capital Publication
Viewpoint – June 2016
By far the most significant development in the month was the change in expectations for a US Federal Reserve (Fed) interest rate hike in 2016. During May the probability of a rate rise for the June and July meetings increased from 12.0% and 26.1% at the start of the month to 24.0% and 52.9% at month end.
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Weekly Digest – 19 June 2016
- Global equities fall despite a late week rally
- “Brexit” polls suggest that the Remain camp has regained momentum
- Central banks keep rates on hold, as bond yields reach historic lows
- Greece attains additional bailout funding
- Gold price rises amid broad commodity losses
Weekly Digest – 12 June 2016
- Poor week for developed market equities
- European government bond yields at record lows
- Sterling volatility peaks
- Mixed Eurozone production data
- Chinese trade surplus increases once more
Weekly Digest – 05 June 2016
- Polls suggest lead for “Brexit”
- US payrolls show a mere 38,000 jobs added
- Poor week for European equities, while bunds rally
- Gold ends its losing streak; rallies on Friday
- Oil reaches USD 50 per barrel
Weekly Digest – 22 May 2016
- UK retail sales remain strong
- US CPI rises faster than expected
- Japanese growth returns to positive territory
- Japanese trade surplus increases
- Oil posts fresh high in 2016
Weekly Digest – 15 May 2016
- UK retail sales remain strong
- US CPI rises faster than expected
- Japanese growth returns to positive territory
- Japanese trade surplus increases despite overall decline in trade
- Oil posts fresh high in 2016
Viewpoint – May 2016
Markets broadly continued their upward trend in April, extending the rally witnessed since the bottom in mid-February. The rises were much less dramatic than in March, however, and markets more mixed.
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Viewpoint – April 2016
The recovery in markets, which started in February, continued into March and by month end many equity markets had recovered much of the ground lost in the big sell-off at the start of the year. A rally of 12.6% in the MSCI World index from the February lows to the end of March left the year-to-date return at -0.3%.
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Viewpoint – March 2016
The market weakness seen in January continued into February with high levels of uncertainty and fear, notably affecting the financial sector and in particular European bank shares. More