The potential for trade wars to escalate could create buying opportunities for investors as global stock markets tumbled overnight on President Donald Trump’s plans for tariffs on up to $60bn (£42bn) of Chinese products.
Hermes chief executive Saker Nusseibeh has delivered a damning verdict on the UK’s negotiating hand one year since it officially announced it was wrangling its way out of the European Union.
The Federal Reserve’s dot plot unsettled markets as Jerome Powell delivered a widely expected rate hike in his first meeting since succeeding Janet Yellen as chair of the central bank.
Sterling was up against the dollar this morning as wages grew faster than expected, according to the Office for National Statistics (ONS).
The Consumer Prices Index (CPI) dropped to 2.7% in February, down from 3% the month before, setting inflation on a slow course towards the Bank of England’s 2% target.
The 21-month transition deal agreed between the UK and European Union is a welcome step but leaves unanswered questions regarding Brexit’s impact on UK businesses, industry figures have warned.
UK-based asset managers may have to shift operations to the EU 27 if a transition deal is not agreed, and Esma is pushing hard to ensure regulatory convergence across the bloc regarding moves.
Brexit voting regions are more likely to favour UK equities over eurozone equities, while the opposite is true for Remain voting regions, according to the latest investor sentiment survey from Lloyds Private Bank.
Quilter Cheviot’s chief investment strategist Alan McIntosh argues the length of the current bull market will not determine when it ends and he sees no sign of it slowing anytime soon.
The president of the Confederation of British Industry has slammed the economic policies of both the government and the opposition in a speech to business leaders, arguing renationalisation proposed by Labour ranks alongside a hard Brexit for its damaging impact on the UK.
Populism in Europe is not dead, it’s just on holiday, according to the head of European fixed income at Franklin Templeton Investments.
Donald Trump’s planned tariffs on aluminum and steel cast a dovish cloud over Thursday’s ECB meeting, although the governing council’s removal of reference to the potential expansion of quantitative easing indicated it is ultimately committed to tightening money policy.
