Charles Stanley warns on profit despite 53% increase
Charles Stanley has warned that without an increase in trading activity or other revenue, it is unlikely to meet its market expectations for 2017.
Macro News
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Yellen to quit Fed board
Janet Yellen has decided to step down as a member of the Federal Reserve board once her successor Jerome ‘Jay’ Powell becomes chairman.
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Asset managers set to ramp up ETF offering
Most asset managers will offer ETFs in the next five years, according to two-thirds of respondents to an EY survey.
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UK leads the way as global dividends surge
Global dividends grew at their fastest rate for more than three years in the third quarter of 2017, with the UK putting in the strongest performance, according to the latest Janus Henderson Global Dividend Index.
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Volatility jumps in November
A sell-off in junk-bonds last week has led to a jump in volatility across most global markets, with Europe seeing its biggest gain since September.
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Stock Connect turnover passes $1trn
The total value of trading over the two Mainland-Hong Kong Stock Connect schemes since the launch of the Shanghai link three years ago has surpassed $1trn.
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$1trn Norway wealth fund wants to drop oil and gas stocks
Norway’s sovereign wealth fund is proposing to dispose of all its holdings in oil and gas stocks to “make the government’s wealth less vulnerable to a permanent drop in oil and gas prices,” the fund announced in a letter to Norway’s ministry of finance.
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Sceptics wrong about ‘timid’ bull market
Kleinwort Hambros chief investment officer (CIO) Mouhammed Choukeir has argued the “bull market can continue to grind higher”.
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UK retail sales ‘lacklustre’ but still growing
While UK retail sales registered a monthly increase of 0.3% between September and October, annually they dropped 0.3% according to the Office for National Statistics (ONS).
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Tilney’s Hollands: UK troubles are temporary
Tilney’s Jason Hollands has argued that the UK’s struggling economy is likely to be a short-lived beast.
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Managers showing ‘irrational exuberance’ as cash balances drop
Despite perceiving equities to be overvalued, global fund managers cut cash allocations and admitted taking above normal levels of risk, according to the November BofA Merrill Lynch fund manager survey.
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Could rising technology spark low inflation?
Rathbones has ranked technology as the second most-likely cause of low inflation in the UK over the next 20 years, just behind Bank of England monetary policy as the first.
