Markets shrug off geopolitical tensions

S&P 500 Index reaches a new record high as investors shrug off North Korea provocation and UK terrorist attack. GBP bears pounded by rising interest rate hike expectations.   Last Friday brought another round of…

prices of energy higher

Energy prices continue to move higher

WTI trades above USD 50/bbl for the first time in a month. Hawkish BoE statement issued after its September meeting triggers a GBP rally and selloff in UK equities. Recovery in oil prices continues After…

norwegian inflation

Decline in Norwegian inflation continues

Both headline and underlying inflation surprisingly ticked lower in August ahead of next week’s Norges Bank meeting. Norway’s inflation continues to soften. According to yesterday’s inflation release, headline inflation fell from 1.5% YoY in July…

apple iPhone 8 presentation

Strong start to the week for risky assets

Early indications suggest that the damage from Hurricane Irma is less severe than expected. UK inflation print and Apple product event in focus. Hurricane Irma causes less damage than expected Hurricane Irma made landfall in…

irma hurricane florida

ECB to take center stage

Attention turns to another potentially devastating storm, Hurricane Irma. No policy shift expected from the ECB today. Concerns over North Korea and Hurricane Irma, one of the most powerful Atlantic storms yet, lingered on Wednesday….

business photo

VEB’s 2018 Eurobond remains a BUY

VEB reports improved H1 2017 results but still records a loss. Moody’s upgrades Honghua to Caa1 on lower default risk. VEB’s credit profile continues to be underpinned by state support Vnesheconombank (VEB, BB+/BBB-, CS fundamental…