Summary
Central banks remain on their relentless march – pushing up interest rates in the battle against the persistence of consumer price inflation. This has already exposed cracks in the banking sector, and recent survey data goes from weak (service sector) to very weak (manufacturing sector) suggesting a slowing economic backdrop. In China, its economic reopening […]
Market Outlook
Arctic Monkeys, then Guns N’ Roses, then Sir Elton Having been a supporter of the team from the red side of Manchester since my early teen’s and having lived in the south-east of England for the majority of my life, I find nothing ironic in saying I’m a big fan of Glastonbury, despite never actually […]
Review of Q2 2023
Market Returns – a whistle-stop tour of some of the movers and shakers during the quarter. The chart shows the returns in local currency across the major global equity indices. The table below shows Investment Association sector average returns broken down by asset class and geography, this time in sterling. Overseas equities broadly, enjoyed a […]
Commodities
The catalyst The impact of the war in Ukraine has had major implications, particularly to global energy markets, but also as a catalyst for driving government packages focused on driving an energy transition. Russian oil, trading at a $25 discount to international oil, is helping to suppress the rise in the oil price, which has […]
