Andrew Lees

by Edward Harrison Brent Crude is still trading above $98 a barrel. And agricultural commodities remain at extremely elevated levels. World food prices are at all-time highs. The worry is inflation in consumer prices that is not matched by…

We know that the Chinese have turned to price controls to stop the rise in food price inflation. Everywhere in the emerging markets, where incomes are lower than in the developed world, the rise in commodity prices is putting huge strains…

This comes from Andy Lees of UBS: A few weeks ago I sent out a note highlighting that the Nasdaq was approaching its post 1974 trend line from which the average movement has been 24.06% in the subsequent couple of months. At the time I…

Russia is keen on developing stronger ties with both China and the EU in order to secure its global economic position. The recent agreement with China to begin Ruble-Renminbi trading in Russia is part of this effort. Last week, Marc…

Here's the bullish case for shares. I don't think you can sustain this in tech beyond a short-term rally without a robust investment in capital by business. And I suspect that would also mean increased hiring as well.

I caught this at the bottom of Andy Lees' morning note: China – To limit inflation China will impose price controls on food according to the NDRC, and will severely punish anyone found speculating on corn or cotton. “The policies that…

The reason: QE. The downgrade for the U.S. is to A+ from AA, with a negative outlook because of quantitative easing, according to Xinhua. According to the ratings agency, quantitative easing will further depreciate the U.S. dollar and…

Andy Lees of UBS writes that quantitative easing is having the (designed) effect of diluting and transferring US debt elsewhere. It is already a success. In a morning note he tells us: Yesterday Saudi shifted its oil price target…

The Norwegian Krone looks interesting with oil prices high and the Norwegian domestic economy doing well. Andy Lees of UBS writes: Whilst I like the Norwegian currency, benefitting from its oil and gas, its oil fund and the fact that…

Here's an interesting note on quantitative easing and asset allocation from Andy Lees of UBS.  He says: The attached chart gives a simple overlay of the front month 10 year US Treasury future vs the front month S&P future. As…