Carney stays firmly on the fence over Brexit
Bank of England Governor Mark Carney has determinedly stayed neutral under questioning on whether the United Kingdom should leave the European Union.
Macro News
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Varoufakis says voting for Brexit to bash Brussels would tempt him
Yanis Varoufakis would find it hard to resist voting for Brexit if he were British, he said at Expert Investor’s Pan-European Congress in Rome last Friday. However, his wish is not going to materialise, congress delegates believe.
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European investor confidence plummets – State Street
European investors are taking risk off the table after the recent market turmoil, the February reading of the State Street Investor Confidence Index (ICI) suggests. However, investor confidence in North America and especially Asia increased over the month.
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Economic arguments around Brexit impact are ‘bogus’ – Woodford
Neil Woodford has said he believes the United Kingdom’s economy would not be adversely impacted by leaving the European Union, with temporary currency weakness the only real issue.
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Investor sentiment hits two-and-a-half year low in February
Investor sentiment has taken a significant hit following the turbulent start to 2016, falling in February to its lowest level since May 2013, according to Lloyds Bank.
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Seven reasons to stay positive on Europe
Investors need to consider the bigger picture when it comes to European equities, say Vincent Juvyns Alex Dryden. Global market strategists at JP Morgan Asset Management, the pair outline seven reasons to still buy Europe.
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Cash balances hit 15-year high as investors turn cautious
Investors are turning more cautious in the face of the turmoil in the financial markets this year, according to the latest Bank of America Merrill Lynch (BAML) Fund Manager Survey, with average cash balances up at their highest weighting since November 2001.
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US monetary policy by no means a pre-set course – Yellen
Federal Reserve chair, Janet Yellen reiterated on Wednesday that the monetary policy was “by no means on a pre-set course” in the US.
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PSigma – Fear $10 dollar oil after Fed ‘bullying’
$10 dollar oil is a possibility following 18 months of “outright victimisation” of the commodity and a bullying Fed, according to PSigma’s IM’s investment strategy head, Rory McPherson.
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Growth fears push investors back to old safe havens
The much-touted wall of worry that investors have been climbing in recent months seems once more to be winning.
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Cash-rich millennials conflicted on economic recovery
Eight out of 10 wealthy investors across the Americas believes the economic recovery has met or exceeded expectations but remain hesitant to invest, with Millennials the most conflicted.
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FTSE loses 6,000 nerve as BP, BHP slump
BP’s announcement that it made a $2.2bn loss in the fourth quarter of 2015 on the back of the oil price’s inexorable fall saw its shares slump as much as 8% in morning trade.
