Currency markets wake up to possible Trump impact
For the past several days the dollar has hovered at less than £0.77 to the pound, signalling that markets have “woken up to Trump” risks, according to Architas investment director Adrian Lowcock.
Macro News
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Millionaire investors short-termist due to ‘information overload’
More than two-thirds of high-net worth investors say they suffer from ‘information overload’ and admit being easily distracted by short-term developments in politics and the economy.
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Unemployment hits 40-year low but wage growth stalls
The UK unemployment rate has hit a 40-year low, but a continued squeeze on wages has raised concerns households could soon feel the pinch as new figures revealed falling real wages.
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Three alternative calculations that will make your eyes water
In this industry, we are spoon-fed statistics every day of the week – latest numbers on factory orders, investor confidence, retail sales, global growth, inflation, unemployment, PMI – the list goes on.
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Call for revived ‘cult of equity’ as UK inflation climbs to 2.7%
UK inflation has risen to 2.7%, its highest level since 2013, according to the Office for National Statistics.
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FTSE 100 hits record high as supply glut fears recede
The British blue-chip index climbed to 7,458.5 out of the gate on Monday morning, as the price of oil surged.
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Five signs the US economy is still mid-cycle
With data hinting a soft Q1 for the US economy, commentators have been split over how close it has edged to the end of the cycle. Neuberger Berman’s CIO for fixed income Brad Tank, lists the five signs the expansion is not over, yet.
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BoE positivity ‘undermined’ by Brexit uncertainty
Uncertainty over the future of the UK’s Brexit negotiations tempered Bank of England forecasts published on Thursday (11 May).
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JP Morgan: Time to start loving industrials again
The global economy is finally emerging from the doldrums of the financial crisis and it is a prime time to move into more ‘unloved’ industries says Francesco Conte, co-manager of JP Morgan’s European Smaller Companies Investment Trust.
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Mumford: Ignore Glaxo, smaller healthcare stocks have better prospects
Increasing pressure on the market’s healthcare giants makes them unattractive compared to more exciting smaller companies, Cavendish’s Paul Mumford has said.
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Markets ‘march on’ and euro gains on dollar after Macron win
Financial markets were buoyed by Emmanuel Macron’s victory in the French presidential election, as the euro soared against the greenback.
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The five other presidents who trumped the ‘Trump Bump’
US equity specialist Charles Schwab has poured scorn on the stock market’s so-called ‘Trump Bump’, with research showing the 5.4% market rally is far from the greatest seen during a president’s first 100 days in office.
