UK unemployment hits 11-year low
The United Kingdom’s unemployment rate fell to an 11-year low of 5% in the three months to April, data released this morning showed.
Macro News
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MSCI tells China ‘No for now’
For the third time since 2013, the US index provider rejected the inclusion of China A-shares in its flagship emerging market indices, highlighting key unresolved issues.
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Schroders picks out its biggest fears
Some of Schroders best known fund managers have picked out what they see as the biggest concerns for investors in the near term.
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Fed rate rise expectations pushed back
A Federal Reserve interest rate rise this month is now widely considered off the table after the latest non-farm payroll number came in significantly below forecasts.
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Brexit outcome could send FTSE shares toppling
The FTSE 100 index could fall by as much as 10% and the FTSE 250 index and commercial real estate sector might be braced for an even bigger slump post-Brexit, said Caroline Simmons of UBS Wealth Management (UBSWM).
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Nearly a quarter of UK advisers will vote Brexit, says Apfa
Around 24% of financial advisers in the UK will vote for Britain to leave the European Union, research from the Association of Professional Financial Advisers (Apfa) shows.
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Brexit vote will be emotive, not rational – Hermes’ Nusseibeh
The Brexit vote rests on three main issues but it will ultimately be an emotional decision rather than a rational one, according to Saker Nusseibeh, chief executive of Hermes Investment Management.
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OECD’s fresh warning hits market sentiment
The Organisation for Economic Co-operation and Development has issued a fresh warning on the prospect of economic fallout if the United Kingdom votes to leave the European Union.
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Look to US equities for income while waiting – JPMAM
While markets are calm it’s better to collect dividends from US equities than put money in cash or fixed income, said David Kelly, JP Morgan Asset Management’s chief global strategist.
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Is China heading for another currency intervention? – Heartwood
China’s currency depreciation trend playing out in 2016 looks set to continue, according to Jade Fu, investment manager at Heartwood Investment Management.
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Brexit poses “serious risk” to global growth – G7
The UK’s departure from the European Union would pose a “serious risk to growth”, the G7 has said.
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UK GDP growth held back by soft trade and Brexit fears
The United Kingdom’s gross domestic product growth for the first quarter of this year was confirmed as 0.4% this morning by the Office for National Statistics.