Market Overview

Last week, the American Bankruptcy Institute (ABI) released its updated statistics for commercial bankruptcies through June 2016. For yet another month, bankruptcies jumped by 30% over the same month...

Thursday was Bastille Day in France which celebrates the overthrow of the French feudal monarchy and the establishment of a Constitutional Monarchy. The storming of the Bastille was a key event in the...

Preqin, the multinational data and consulting firm, has looked at the second quarter and found it was, for private capital fundraising … slow. So was the quarter before it. Together they made...

In a recent letter John Mauldin worries that central banks are ‘out of bullets’, but this is not something that any rational person should be worried about. Instead, they should be worried...

With western Canada hit disproportionately hard by the fall in oil and other commodity prices, Ontario, Canada's most populous province, has begun to account for quite a large share of the country's...

Against our expectation, the Bank of England (BoE) maintained the Bank Rate at 0.50% . Given BoE Governor Mark Carney's very dovish speech two weeks ago in which he said that 'some monetary policy...

The Bank of England surprised many, if not most, participants by not changing policy. There was no rate cut and no asset purchase plan.However, there can be little doubt that the BOE will take action...

Focus today will be on the monetary policy announcement from the Bank of England (BoE). We expect the BoE to make a precautionary 25bp cut from 0.50% to 0.25% and at the same time communicate that...

U.S. equity prices have skyrocketed higher as the Dow and S&P have scored all time record highs this week. The abandonment of safe haven anxiety following the Brexit has finally spilled over to...

DOW + 24 = 18,372SPX + 0.29 = 2152NAS – 17 = 500510 Y – .03 = 1.47%OIL – 1.37 = 45.43GOLD + 9.60 = 1343.30The cost of imported goods increased 0.2% in June, led again by the higher...

U.S. stocks paused a bit from their recent rally, with the major indexes closing mixed and near the flatline as a drop in crude oil prices weighed on energy issues. Investors may have been exercising...

After a nearly three weeks of turmoil following the UK referendum, there is now a sense of order returning to UK politics. Two elements of the new government are particularly relevant. First, May...

The financial markets are rather steady in Asian session today. US equities edged higher with DJIA close up 0.13% at 18372.12 while S&P 500 closed up 0.01% at 2152.43, both at new records. Nikkei...