Tuesday 15, March 2016 by Gary Dugan

Short term positives overwhelm long-term concerns… for the moment

With a number of positive developments around the world, some of the extreme risks to financial markets have seemingly reduced. Chinese economic data is becoming almost predictable; The US economy is a mix of good and bad news rather than poor all round, and as we saw last week in the Eurozone, the policy makers can still pull rabbits out of the hat to provide short-term relief for the markets. Commodity prices appear to have a better balance between upside and downside risk helping to make some of the most extreme forecasts of say oil below $20 as real outliers.