Hawkish BoE hints at earlier rate rises
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.
Macro News
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Global markets plunge after Dow Jones drop
European and Asian markets tumbled this morning after the Dow Jones took its biggest hit in six years.
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Schroder Value team cuts number of positions and ups cash
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.
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‘Out of control’ HMRC over-taxes by half a billion
HM Revenue & Customs has handed back just under half a billion pounds to individual taxpayers since April 2015, which Royal London says shows the organisation is “out of control” when it comes to over-taxing people and then expecting them to claim it back.
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Why Japanese equity rally won’t last
Joel Le Saux, manager of the Japan opportunities fund at SYZ Asset Management, argues the Japanese equity rally won’t last.
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Managers clash over the prospects for tech
Having led much of the global equity market equity rally in 2017, managers are at odds over the prospects for technology stocks in 2018.
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Global risk appetite jumps according to State Street
Global investors have begun 2018 in bullish mood, with investors across all regions showing an improved appetite for risk according to the latest State Street Investor Confidence Index.
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Vix hits five-month high amid overnight sell-off
The Volatility Index (Vix) has risen to its highest level since August, following a frenetic overnight sell-off in the bond and stock markets.
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UK dividends surge to record high in 2017
A combination of a resurgent mining sector, exchange rate gains and one-off specials led to the payment of a record ever amount of UK dividends in 2017, according to Link Asset Services (formerly Capita Asset Services).
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UK GDP beats expectations, but growth is lacklustre
The UK economy exceeded forecasts as the gross domestic product (GDP) grew 0.5% in the last quarter of 2017, up from 0.4% in the third quarter.
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Why all frontier market eyes are on Africa
With a return of 31.9% in dollar terms, the MSCI Frontier Markets Index achieved its highest gain in 10 years in 2017, continuing the theme of emerging markets outperforming their developed peers.
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Pantheon: Drop in oil output could hamper UK GDP
A fall in oil and gas production may see below consensus GDP growth of 0.3% for the fourth quarter of 2017, despite bullish business surveys, consultancy Pantheon Economics says.