News & Publications

Africa Market and Lombard Fund News




Major U.S. stock indexes set records again Tuesday

14 Dec 2016

Asian markets sluggish start largely ignoring Western moves. Overnight Italian banks shone on well received capital raising from UniCredit. DOW closes in on 20,000. Energy led in a delayed reaction to weekend Oil moves and a report by the IEA says if production cuts happen it could wipe out the Oil surplus in the market.

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2016

OPEC agrees to cut oil production

30 Nov 2016

Asian equities rallied the most in three weeks as a deal to cut global oil output lifted energy shares, while evidence of strength in the U.S. economy sank bonds and supported the dollar.

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2016

Compromise Failure for OPEC Officials

29 Nov 2016

Asian stocks fluctuated after a three-day rally as investors adopted a cautious tone ahead of key events from OPEC talks to the U.S. jobs report and Italy’s referendum. The MSCI Asia Pacific Index rose 0.1% after erasing gains earlier in the day. Japan’s Topix index was little changed after a 12-day surge.

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2016

Chinese stocks in Hong Kong headed for a seven-week high

27 Nov 2016

Asian stock markets were mixed Monday after oil prices slid on unease about this week's meeting of OPEC member to discuss possible output cuts. Chinese stocks in Hong Kong headed for a seven-week high as railway companies advanced. A measure of small-cap companies in Hong Kong rose after regulators announced the start date for a trading program between Hong Kong and Shenzhen

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2016

Index Close To New 11 Month High

20 Nov 2016

Asia: Quiet start to Thanksgiving Week in a data light week with Asian indices slightly squeezing higher as EEM outflows halt. On Friday US stocks, slightly lower with DXY 101.39 surge continuing hitting a 13-year.

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2016

15 full tankers off the British coast can't sell their Oil

18 Nov 2016

Asia: markets flat to slightly lower outside Japan on Emerging Market weakness after DXY breakout. Overnight Yellen most hawkish and Dec rate hike pretty much given and says trajectory higher. She also confirmed she will serve out her full term.

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2016

Financials, Energy and Discretionary worst sectors

17 Nov 2016

Asian markets mixed on small moves as turnover in the US shrinks. Overnight deja vu with Financials again lower on Broker downgrades. Telcos higher and FANGs bounces for the second days with AAPL +2.7% on talk of 3 models of the iPhone8. Dark commodities lower following China pm selloff.

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2016

Buffet declares stakes in Delta and American

15 Nov 2016

Asian markets steadier and mixed. Overnight Equities were quieter but DXY topped 100 and is slipping in Asia. US 10y yields touched 2.26% but lower here to 2.20% as bonds now cheapest to equities in a year and a report calling for 2.5% by end 1Q before finishing the year back at 1.355 getting attention. Transports +2% after Buffet declares stakes in Delta and American.

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2016

Donald Trump Victorious

09 Nov 2016

Asian regain all of yesterday’s losses with portfolios being rotated from Yield to Cyclicals. Overnight US stocks closed higher after 1000-point swing intraday on the Dow futures.

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2016

US Election Day

08 Nov 2016

Election Day and Asian markets tread water ahead of the polling booths opening. Latest poll shows Clinton leads by 4 points. Overnight US stocks saw their largest gains in 8 months after Clinton email investigation ends

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2016

FBI Dropping Email Investigation

07 Nov 2016

Asian markets bounce on news this morning that the FBI will be dropping the Clinton email investigation. SPX saw its longest streak of losses for 30 years, closing again lower on Friday, but only -3% has been retraced over that time. Payrolls Friday slightly below but average hourly wages rose increasing the likelihood of a rate hike in December.

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2016

Oil drops to five-week low

04 Nov 2016

Asian markets mixed with some safe haven buying into the large capitalization shares, TSMC, Samsung and China Mobile. Overnight US stocks matched a 20 yr record 8 down days in a row.

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2016

Trump Leading In Latest Polls

02 Nov 2016

Asian markets generally -1% after latest poll shows Trump leading. Overnight US stocks fell but Dow rallied back above 18,000 to halve the losses. Vix +9% surges on poll, but was above 20 at one stage. DXY falls nearly -1% and investors choose Gold and CHF safety

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2016

Managers Report September 2016

01 Oct 2016

To hike or not to hike that is the question...The growing split between the Federal Reserve board of governors and regional central bank presidents on how quickly to raise rates have left investors nervous of future interest rate movements.

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2016

Managers Report August 2016

31 Aug 2016

Last month ended with traders forcing global government bonds to their lowest level in more than three years.

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2016

Managers Report July 2016

31 Jul 2016

The appetite of investors into emerging markets was tested once again this month. To begin the month, the pound fell to its weakest level in three decades against the dollar, surpassing previous lows reached in the aftermath of Britain’s vote to leave the European Union.

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2016

Managers Report June 2016

30 Jun 2016

In our comment last month, we noted that we had three major hurdles to cross. The first was the potential downgrade to Africa’s largest economy. Which, as we predicted resulted in all the ratings agencies keeping their current outlook unchanged. The next time these ratings agencies will take a decision will be in December.

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2016

Brexit

28 Jun 2016

Update on Brexit and global markets part 1

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2016