The correction continues

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Global equities ended last week on a negative note and were down around 4.5% from their all-time high in early September. This morning, European markets have fallen back a further 3%. The initial catalyst for the correction was a sharp run-up in the mega cap tech names which had left them looking extended and ripe for some profit taking. The … Read More

FANMAG+T?

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 Last week was very much a week of two halves for equity markets. Global equities saw gains early on and by mid-week were brushing their all-time high in February. But markets fell back around 3% at the back end of the week, with global stocks ending the week down 0.5-1%. The driving force behind these gyrations were the tech … Read More

Pushing on a string

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Global equities continued their rebound last week, rising a further 2% in local currency terms. They have now recouped all their losses earlier in the year and are back to their all-time high last seen in February. The US Federal Reserve, rather than any economic releases, can claim credit for the latest move higher. At last week’s annual get-together of … Read More

Polar opposites – Tech and the UK

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Global equities edged higher last week with no great enthusiasm, as indeed did US equities which inched above their all-time high in February. Beneath the surface, however, the week was rather more eventful. Technology stocks outperformed with a gain of 2.5%, led by the megacap FAANGs (Facebook, Apple, Amazon, Netflix & Google) which were up close to 8%. UK equities, … Read More

Bottom of the class

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Global equities had another good week, gaining another 1% or so. In local currency terms, even if not yet in sterling terms, equity prices are now back to where they were at the start of the year. US equities have fared even better and are now up close to 6% year-to-date and are re-testing their February highs. Markets have taken … Read More

Kingswood announces further US investment

Kingswood takes another giant step in US expansion strategy Definitive agreement to acquire majority 50.1% interest in Manhattan Harbor Capital Manhattan Harbor Capital to be renamed Kingswood US Funded the first deferred consideration payment for Chalice, the business is to be folded into Kingswood US, subject to regulatory approval Subject to Kingswood approval, up to $8.0 million (£6.1 million) additional … Read More

First in, Last out

Against a global increase in newly confirmed cases of Covid-19, markets had a positive week. There was undoubtedly support from business confidence studies which continue to bounce back swiftly. This was also backed up by US unemployment, which, fell once again. Sterling also continued its strength versus the dollar. With reporting season nearly complete in the US, the majority of … Read More

Tech still rules the waves

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Last week was a choppy one for equity markets, with global equities ending the week little changed in local currency terms. A strengthening in the pound to $1.31, however, left markets down 2.0% in sterling terms. Second quarter GDP numbers for the US and Europe confirmed the extent of the collapse in activity caused by the lockdowns. US GDP contracted … Read More

All that glitters…

  Last week was really a week of two halves as far as equity markets were concerned, with initial gains subsequently reversed, leaving markets down a little over the week as a whole. A further escalation of tensions between China and the US, with the tit-for-tat embassy closure, was the most obvious reason for the change in market tone. But … Read More

Planning a move abroad?

Undertaking what is required takes a great deal of thoughtful consideration You’ve always dreamed about living aboard, but how do you make that a reality? The first practical step is to think about where you are in your life and weigh which options are available to you. Factors like your age, financial situation and skill set will come into play … Read More