ESG investing more important than ever

Many investors are interested in the impact of their investments on the world around them, as well as in the financial performance of the companies in which they invest. Next year, the investment industry in the European Union (EU) will be under a regulatory requirement to take Environmental, Social and Governance (ESG) matters into account … Continue reading “ESG investing more important than ever”

Looking back at the markets through September

A selection of articles looking back through the markets last month. Global Market Review Rising infection levels knock sentiment Share prices generally fell during September amid concerns over rising infection levels and their potential impact on economic activity. Investors’ worries were compounded by doubts over Brexit negotiations, continuing friction between the US and China over … Continue reading “Looking back at the markets through September”

Back on the Brexit rollercoaster: buckle up for a bumpy ride

What’s happening with Brexit? The UK and European Union (EU) resumed Brexit negotiations over the summer but made limited progress. The political drama and posturing that accompanied the proceedings look certain to persist in the coming weeks. It appears the UK intends proposing domestic laws to weaken its Withdrawal Agreement commitments on the border between … Continue reading “Back on the Brexit rollercoaster: buckle up for a bumpy ride”

Riding the central bank stimulus

The major issues today are how fast the recovery will be, how widespread will it be, and how much permanent damage will remain. Bulls in the stock market are excited by the recovery cycle. It now looks as if all the major economies have passed the worst of their troughs in output and incomes brought … Continue reading “Riding the central bank stimulus”

Covid-19: Three economic scenarios

Markets are governed by the duration and impact of the many measures being taken to limit and reduce the number of people contracting the COVID-19 virus. This was the week when the western advanced world changed dramatically, with the governments deciding to ban or advise against all events, tourism, entertainment and hospitality outside the home. … Continue reading “Covid-19: Three economic scenarios”

Looking back at the markets through February

A selection of articles looking back through the markets last month. Global Market Review Investors take fright as coronavirus takes hold As the spread of coronavirus gathered pace across the world during February, investors became increasingly concerned that the economic impact could trigger a global recession.  “Central banks are coming under pressure to respond to … Continue reading “Looking back at the markets through February”

International trade winds and stock markets

If the coronavirus situation escalates, world trade is in for a major supply shock that will damage company earnings and productivity. The outlook remains unclear. There were attacks on the international order of promoting free trade before the coronavirus hit. Many emerging countries refused to make rapid progress to lower tariffs and fewer barriers to … Continue reading “International trade winds and stock markets”

Looking back at the markets through January

A selection of articles looking back through the markets last month. Global Market Review Coronavirus hits investor sentiment Investor sentiment was initially buoyed in January as the US and China signed their interim trade deal, driving US share indices to new all-time highs. However, major global equity markets ultimately ended the month in negative territory … Continue reading “Looking back at the markets through January”

The US-EU economic battle

Donald Trump spoke out at Davos, condemning the people he called the “perennial prophets of doom” for forecasting climate and other disasters. He said they “are the heirs of yesterday’s foolish fortune tellers. They want us to do badly”. He did not name the EU or individual European countries, but the implication was clear. His … Continue reading “The US-EU economic battle”

The biggest victim of US tariffs in 2020 could be the EU

The tariff battle between Washington and Beijing is far from over, but the biggest battle for US trade hawks over the next 12 months is likely to be with Europe. The global trade slowdown has already hit the European economy hard. Brussels has been forced to cut its growth forecasts for the eurozone to its … Continue reading “The biggest victim of US tariffs in 2020 could be the EU”

Smooth Brexit could be on cards as election looms

A smooth Brexit could remove some of the fog of uncertainty over the UK economic outlook, a prospect made more likely by the agreement to extend the deadline to 31 January 2020. EU President, Donald Tusk, has announced that the EU has agreed in principle an extension to the Brexit deadline to 31 January 2020. … Continue reading “Smooth Brexit could be on cards as election looms”

Brexit – opportunity in uncertainty?

The UK is set to leave the EU on 31 October. Under new Prime Minister Boris Johnson the prospect of a ‘no-deal’ Brexit – once viewed by many as unthinkable – is now a real possibility.  The questions are: what might be the fallout if the UK crashed out of the EU? And what would … Continue reading “Brexit – opportunity in uncertainty?”

Italy’s 66th government since WW2 looks set to fall

Trade continues to dominate the headlines with Donald Trump’s tweets around US tariffs driving sentiment. The emergence of China’s appetite to use its currency as a shock absorber also added volatility. August’s volumes are traditionally lighter and that helped catalyse a very weak start for US equities albeit a lot of the losses had been … Continue reading “Italy’s 66th government since WW2 looks set to fall”

Markets learn to live with some protectionism

On Monday 15th July, President Trump lent the White House lawn to US manufacturers to celebrate the ability of the US to make things for itself. He explained that it is a win-win situation if the US buys products made just down the road, with more and better-paid jobs resulting from the purchases. He signed … Continue reading “Markets learn to live with some protectionism”

Looking back at the markets through June

A selection of articles looking back through the markets last month. Brexit: no further forward   Global market review The third anniversary of the Brexit referendum came and went in June, and still the issue of Brexit remained up in the air. As the clock ticked towards the extended deadline of 31 October, the Conservative … Continue reading “Looking back at the markets through June”