Imperium Capital Publication

Weekly Digest – 28 October 2019

  • The European Central Bank announced it would keep their policy rate unchanged
  • The IMF forecasted China’s economic growth down to 5.8% for 2020, from 2019’s figure of 6.1%
  • Brent crude rose 4.4% to $62.0 a barrel, as inventories unexpectedly dropped
  • Gold rose 0.7% to $1502.7 an ounce

Viewpoint – October 2019

After the spike in volatility in August, markets returned to a semblance of stability in September, but this masked some big underlying shifts across and within asset classes. Most notable was a sharp reversal early in the month of bond yields, which until then had trended inexorably lower throughout 2019: the yield on 10 year US Treasuries moved from below 1.5% at the beginning of the month to 1.9% within a matter of days. Somewhat more positive economic data and an apparent thawing of trade war rhetoric between the US and China proved to be the trigger for a reversal of some of the big bond moves seen in August, and risk appetite picked up.

Weekly Digest – 30 September 2019

  • US President Donald Trump currently has an impeachment inquiry ongoing
  • The UK Supreme court ruled that Boris Johnson’s suspension of parliament was unlawful
  • Brent crude oil fell 3.7% ending the week at $61.9 a barrel
  • Gold fell 0.1% ending the week at $1502.2 an ounce