Thoughts on the UK election

We have recently added to our UK equity holdings, eliminating our longstanding underweight. Although uncertainties undoubtedly remain, our view is that the risk of the two most market unfriendly outcomes … Read More

Equities pause for breath

Equity markets ended last week little changed. Investor focus remained firmly on the steady, but often conflicting, stream of sound-bites regarding the state of US-China trade negotiations. While progress remains … Read More

Adding to equities

The ‘risk-on’ move in markets continued last week with global equities rising a further 1% or so in local currency terms, led by Emerging Markets and Asia. Government bond yields … Read More

Global equities break higher

Following a couple of failed attempts in July and September, global equities finally last week broke clear of their January 2018 high. Importantly however, at least for UK investors, the … Read More

Global economy on the turn?

Global equities rose 1.3% in local currency terms last week, the third consecutive weekly gain, and are back testing their 2018/19 highs. Markets failed to break through these levels in … Read More

Growth worries undermine equities

The downward pressure on equities continued last week although a bounce on Friday reduced the damage. Global equities are now down some 2.5-3% from the high touched in July and … Read More