Equity Most European stock markets are down in euro and, especially, dollar terms from three months ago. Because we hold to our positive view on European equity, we see this dip as a buying opportunity. China’s and Brazil’s stock markets have attractive valuations and upward momentum both. Our clients with long-term investment horizons have exposure […]

Currencies Probably thanks to central bank minutes published earlier in the week, the Great Britain pound sterling (GBP) and, even more so, the U.S. dollar (USD), continue to strengthen against the other world currencies. Monetary policy meeting minutes published this week by the last Bank of England (BoE) and the Fed monetary policy meetings show […]

Equity These 5-day moving averages of global stock market indices show that it’s premature to call the volatility episode over. European stock indices have fallen in local currency terms. Additionally, and exacerbating things for dollar-based investors, the euro is on a downward trend against the dollar. These 5-day moving averages of global stock market indices […]

Currencies The recent volatility event may or may not be over. Should it continue and worsen, the peso could fall to $1.00=MXN 13.30. The euro is trending down against the dollar probably because of outlooks for monetary policy in both regions. Additionally, the recent risk off event may be weakening the euro further. These forex […]

Currencies The ongoing bout of risk aversion had driven down the peso to $1.00=MXN13.20 by the close of Monday 4 August (13.24 by Wednesday 7). We expect the peso to recover to $1.00=MXN13.00 by the end of 2014. Today’s EUR/USD weakness fulfills our long-held outlook. We see €1.00=$1.34 for December 2014 and $1.29 for December […]