Central banks were the specialist subject for Mathew Yeates, Quantitative Investment Manager for Seven Investment Management, when he joined Zak Mir and Bill Hubard, Chief Economist for Bullion Capital, on the Tip TV Finance Show.
Key Points:
Yeates noted that Draghi couldn’t have been any clearer, and to an extent he did deliver, with the only failure coming in the size of the asset purchases not being raised.
He outlined that the more central banks diverge, the more likely we are to see continued volatility without a sense of direction or certainty in markets.
Yeates commented that the major problem we have is the difference between the views of central banks and the market.
He finished by expressing that we are getting more clarity from OPEC, with the Saudis not planning to cut oil production unless Russia follows suit.