Vix up as global markets tumble
Shares in London were down again on Thursday, following another significant tumble on Wall Street overnight, while volatility is on the rise, according to the Vix.
Shares in London were down again on Thursday, following another significant tumble on Wall Street overnight, while volatility is on the rise, according to the Vix.
International politics is regularly in the spotlight and has historically been known to affect emerging markets. With several elections coming up across the region, four managers at Hermes Investment Management assess the potential impact on asset classes and how investors can prepare for the risks.
Investigations into the Panama Papers are expected to generate £100m ($140m, €113m) in additional tax, HM Revenue & Customs confirmed to law firm Collyer Bristow.
The UK saw another month of weak retail sales that lagged consensus expectations in January, confirming that the long-term trend is toward a “slowdown”.
Global stock markets are recovering from the recent correction as they continued to make gains overnight, following another positive day on Wall Street.
Ten-year treasury yields have soared after US consumer price inflation (CPI) surpassed expectations by 0.5% in January.
Global fund managers slashed exposure to equities in February and put more into cash, according to the latest BofA Merrill Lynch Fund Manager Survey.
Consumer price index (CPI) inflation remained at 3% in January, defying the consensus view that it would marginally dip to 2.9%.
Global markets, including the FTSE 100, have tumbled again after US indices officially entered correction territory.
The Bank of England has held interest rates at 0.5% but hinted at quickening the pace of further increases to bring inflation back in line with its 2% target.
European and Asian markets tumbled this morning after the Dow Jones took its biggest hit in six years.
The Schroder Value team has been cutting the number of stocks in its portfolios and raising cash levels owing to a lack of investable opportunities.