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Caspar Rock: Monday markets - the week ahead on 16 September

A busy week: the drone attacks on Saudi facilities continue to play out in the oil price and other markets. The Fed meets and is expected to cut rates; and in the UK Boris Johnson negotiates with EU leaders.

16/09/2019
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Authors

Caspar Rock
Chief Investment Officer
  • The drone attack on Saudi oil facilities has resulted in Brent jumping 8%. The longer-term impact depends on how long the Saudi outage (50% of production has been halted) will last.
  • Last week saw the bond sell-off continue. The ECB reintroduced quantitative easing, and indicated that fiscal policy should lead from now.
  • The Fed meets this week with markets anticipating a 25 basis points cut. Indications of future rate movements will be closely watched.
  • In terms of Brexit, Boris Johnson meets with EU leaders today. Tuesday brings the Supreme Court ruling on Parliament’s prorogation, which the Government expects to win.

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Authors

Caspar Rock
Chief Investment Officer

Topics

Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at IFC1, Esplanade, St Helier, Jersey, JE2 3BX, (No.31076).

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