If you listened to nothing but the rhetoric, you would think economic policy will be very different going forward under a Labour or Conservative government. In fact, it very likely … Read More
A game of two halves
Some weeks just lend themselves to the easiest titles… With the start of the ‘Euros’ good luck to your team, or for your sanity if you aren’t a football fan. … Read More
Rate cuts begin
Global equities gained 1.2% in both local currency and sterling terms last week. This more than reversed the small losses of the previous week and left markets 1-2% above their … Read More
Golden Child
Global equities last week fell a modest 0.6% or so in both sterling and local currency terms. This still left markets up a healthy 2.3% and 3.7% respectively over May … Read More
Good enough
Global equities rose a further 1.4% in local currency terms last week. However, a recovery in the pound to $1.27 left markets little changed in sterling terms. US stocks gained … Read More
Back on track
Global equities had a good week, gaining some 2% in both local currency and sterling terms. They have now recovered the 4-5% losses sustained in mid-April and are back 0.5-1% … Read More
Tech to the rescue
Equity markets recovered their poise last week, reversing some of the drop over the previous three. Better than expected results from Alphabet and Microsoft more than compensated for the macro … Read More
No Landing
Equity markets were down again last week for the third week running. Global equities dropped just under 3% in both local currency and sterling terms and are now down around … Read More
Testing times
Global equities dropped a little last week for the second week running, falling 0.9% in local currency terms. However, a stronger dollar led to the pound dipping below $1.25 and … Read More
Payrolling equities
Global equities fell back a little last week, posting declines of 0.5-1% in both local currency and sterling terms. The only regions to see small gains were Asia and Emerging … Read More