News

How Windy Is It . . . ? Monday, 24th June 2013 – No. 037 24th June 2013

So, how windy was it last week? It was another bumpy week, which was fully expected as we had the much anticipated meeting of the Federal Reserve’s Open Market Committee (FOMC) meeting. That has brought with it some more additions to our growing list of Moments of Significant Influence …

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How Windy Is It . . . ? Monday, 10th June 2013 – No. 035 17th June 2013

So, how windy was it last week? Last week continued the trend of uncertainty with mixed economic indicators in the US, clouding the expectations of when the Federal Reserve will begin to wind down quantitative easing. This week marks the opening of reporting season, as companies are expected to report strong sales in recent months, with the cloud of this particular silver lining being industrial production tailing off.

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How Windy Is It . . . ? Monday, 17th June 2013 – No. 036 17th June 2013

So, how windy was it last week? We start off by adding another Moment of Significant Influence to our records:

MSI #33: Politics and policies ruled the headlines last week with the announcement that Stephen Hester was to step down from RBS later this year, followed a few days later with the news that Paul Tucker, the deputy governor of the Bank of England (BoE) was also stepping down. It would seem that the government is now focusing on growth ahead of the arrival of Mark Carney as the new BoE governor next month and priming the pump for the next general election.

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How Windy Is It . . . ? Monday, 3rd June 2013 – No. 034 4th June 2013

So, how windy was it last week? If the Beaufort Scale measured uncertainty rather than wind speed, it would have registered at least a 10 * last week as investors looked to exit the government bond market on fears that an improving economy will prompt the Federal Reserve to start turning off the tap of quantitative easing.

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How Windy Is It . . . ? Monday, 20th May 2013 – No. 032 20th May 2013

So, how windy was it last week? It was a tale of two cities and both are sufficient to be noted as Moments of Significant Influence (MSI):

MSI #29: on this side of the Channel we had Sir Mervyn King presenting his last Inflation Report amid appreciative applause, after the governor of the Bank of England (BoE) confirmed that a recovery was now in sight for the UK. This was tempered with warnings that there were still risks that might set the recovery back, however the BoE thinks Britain’s economy will return to its pre-crisis size a year from now, which is six months ahead of previous expectations.

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How Windy Is It . . . ? Monday, 25th March 2013 – No. 026 16th May 2013

So, how windy was it last week?

Budget Special – I’ve always wanted to type that as a title, although most of what I read in the newspapers on Thursday morning could have been condensed into a page of A4* rather than the typical 26 pages of broadsheets.

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How Windy Is It . . . ? Monday, 8th April 2013 – No. 027 16th May 2013

So, how windy was it last week? Firstly, welcome back and I hope everyone had a great Easter. We have now put the first quarter of 2013 behind us, along with the wintery weather I hope.

Last Windy Report I finished with another entry to Moments of Significant Influence (MSI), where I looked at the simmering developments over the banking system in Cyprus. Two weeks on and it is as if nothing had really happened. That worries me and if you care to read my Quarterly Review, which will be issued this week, I look at the euro area in a lot more detail.

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How Windy Is It . . . ? Monday, 15th April 2013 – No. 028 16th May 2013

So, how windy was it last week? It was another week of records being broken with the Yen weakening to ¥99 per US Dollar for the first time since May 2009 and the markets in the US hitting new highs. We had the publication of the Federal Open Market Committee from the Federal Reserve which alluded to the potential easing of their monetary easing program. Economic data published since their meeting has seemingly worked against an early exit, all of which seems to have been good news for equities.

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