Last quote by Ipek Ozkardeskaya
Ipek Ozkardeskaya quotes
Unattractive gilt yields and the weaker pound have improved investors' appetite in the UK stock market.
The BoE is expected to cut the bank rate by at least 25 basis points and to revise the economic forecasts significantly lower following Britain's decision to leave the European Union.
Volatility in stock markets is very high and you can see that today with a recovery in European share markets, which we can put down to the stabilization in oil prices.
Stocks are trading higher as Australian and Swiss growth figures came in better than expected. European markets have opened in the green and U.S. stocks will certainly benefit from the global risk-on trading.
The political risks are hard to price in at the moment... There is clearly little appetite in building fresh long and/or short positions before more clarity on the issue.
I believe that Iran is going to be pushing and pressuring Saudi Arabia and continuing to do whatever it was planning to do before this whole setting got this dangerous. They are not going to be willing to leave the game before they start it.