Service sector slowdown points to UK economic stagnation
The Markit/CIPS PMI survey data for August shows the services sector falling by near record levels.
Macro News
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Commercial property will counter economic slowdown
Good quality commercial property is likely to remain resilient despite the global economic slowdown.
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Latest sovereign crisis comes too soon for new bailout fund
European governments have signed off on a 700bn bailout fund that will not kick in until 2013.
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Coutts: Q2 won’t shine as bright as consensus forecasts say
Carl Astorri goes against consensus to suggest Q2’s figures will not be as rosy as many predict.
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S&P 500 proves difficult to beat for active fund managers
Actively managed North American funds struggle to consistently outperform the S&P 500 index.
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Moody’s downgrades Portugese government debt to junk
Ratings agency Moody’s has cut Portugal’s long-term government debt to below investment grade.