Punch Drunk

We said last week the fate of the Xmas market rally lay in the hands of the central banks and so it has proven. To be more precise, it was … Read More

Banker Rally

Last week was a quietish one for markets. Global equities inched up 0.2% in local currency terms, although gained 0.9% in sterling terms as the pound retreated against a stronger … Read More

Santa is Ahead of Schedule

The Santa rally continued last week with global equities rising a further 0.7%. More impressively, equity markets chalked up in November their largest gain for three years, returning as much … Read More