The situation is very severe … the largest supply disruption in the history of oil market. INVESTMENT PERSPECTIVE The U.S. strike on Iran on 28 February triggered the current conflict, but markets initially treated it as a temporary shock. Five weeks into the Gulf…

The Iran conflict has injected a classic geopolitical risk premium into energy and shipping, but it is landing on a very different macro situation from the late 1970s. INVESTMENT PERSPECTIVE The Iran conflict has injected a classic geopolitical risk premium into…

Gold briefly reached a new high of around 5,600 before “flash crashing” to around 4,700 21.3% PERFORMANCE OF URANIUM Investment perspective Global risk assets extended last year’s momentum, with equity indices flirting with new highs while precious metals experienced…

Market expectations of a Fed cut in December surged to around 85-87% from under 40% a few weeks ago 17.2% PERFORMANCE OF SILVER Investment perspective The macro backdrop remained resilient, despite the lack of publications due to the US government shutdown. Growth in…

Following its Q3 earnings report on October 30th, Amazon’s stock surged about 10-12% in after-hours trading. 16.64% PERFORMANCE OF NIKKEI 225 Investment perspective Historically, October has a reputation for being a challenging month for the stock market, largely due…

Gold has climbed above $4,000 a troy ounce for the first time, Gold hit $4,036 early on Wednesday 11.9% PERFORMANCE OF GOLD IN SEPTEMBER Investment perspective The global economy is showing resilient, albeit slowing, growth, with projections of around 3.2%-3.3% for…

Federal Reserve Chair Jerome Powell opened the door ever so slightly to lowering key interest rate in the coming months 12.8% PERFORMANCE OF THE CHINA A ONSHORE INDEX IN AUGUST Investment perspective Forecasts for real GDP growth in the second half of the year suggest…

The US Federal Reserve held interest rates steady; speculation persisted regarding potential rate cuts in the fall. 5.8% PERFORMANCE OF THE MAGNIFICENT SEVEN INDEX IN JULY Investment perspective Last month was characterised by fragile global economic resilience,…

The US Congress has passed a tax bill that will boost the budget deficit. 7.2% PERFORMANCE OF THE EUROPEAN MID-CAP INDEX IN MAY Investment perspective Geopolitical and economic factors persisted in May, most notably the ongoing impact of punitive tariffs introduced by…