Global Markets Update What next for oil prices? Many of the most enthusiastic cheerleaders for the commodity bubble have recently slashed their oil price forecasts. We are still happy with our long-held view that crude will average $50 per barrel... 12th December 2008 · 1 min read
Global Markets Update New bond forecasts – the rally has much further to go 3rd December 2008 · 1 min read
Global Markets Update How low could oil prices go? Oil prices have fallen to within a whisker of our target of $50 per barrel (for Brent), which we had expected to see in the first quarter of next year. For now we are leaving our forecast for average... 13th November 2008 · 1 min read
Global Markets Update OPEC cuts, but markets take little notice Today’s sharp fall in oil prices, despite the announcement that OPEC will cut production by 1.5 million barrels per day from 1st November, reinforces our view that prices will continue to decline even... 24th October 2008 · 1 min read
Global Markets Update Gold price to drop to $550 In the light of gold’s recent lacklustre performance we have lowered our price target from $700 to $550/oz. We expect this target to be reached in the first quarter of next year, if not sooner. 22nd October 2008 · 1 min read
Global Markets Update New forecasts for currencies and commodities The recent acceleration in the dollar’s appreciation against other major currencies (with the notable exception of the yen) reflects a combination of factors, none of which is likely to reverse any... 22nd October 2008 · 1 min read
Global Markets Update OPEC output cuts to provide limited support for oil prices The collapse in oil prices in recent days has likely sent OPEC into a panic. The oil-producing cartel has advanced the timing of its “extraordinary” meeting from the 18th November to next Friday... 17th October 2008 · 1 min read
Global Markets Update Fiscal stimulus & bond yields - lessons from Japan 29th September 2008 · 1 min read
Global Markets Update AIG bailout shows how bad conditions have become 17th September 2008 · 1 min read
Global Markets Update Gold fails to shine as oil prices return to earth The continued decline in oil prices and today’s lacklustre response in gold prices to the crisis on Wall Street underlines our view that the bull market in both commodities is over. 15th September 2008 · 1 min read
Global Markets Update Lehmans – trying (and failing) to find a silver lining 15th September 2008 · 1 min read
Global Markets Update Little reason to expect US swap spreads to narrow further 9th September 2008 · 1 min read