Friday, 8 May 2015

A few brief macro thoughts today

Obviously the big news from a UK perspective is the UK election where the Conservative Party is coming close to a surprise majority (at the time of writing). Unsurprisingly the reaction of the pound and (to a more limited extent) the FTSE-100 both positive.  More on this to follow...

Due to the UK election excitements, other news in brief...

Asia – better Asian markets today despite weak Chinese trade data.  Very interesting piece on Chinese debt levels here (including some great charts) 

Commodities - Brent crude suffered its biggest drop in a month on Thursday, down 3.3 per cent to $65.54 a barrel.  Period of consolidation after 50%+ bounce from lows.

NFPs today – nice preview here

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