Synopsis of the week Friday saw US unemployment remain unchanged at 4.9%, average hourly earnings increase by just 0.1% and Non farm payrolls increase by 151,000. All three worse than expected. Independently they are not enough to send alarm bells ringing with the Fed but it has surely ended any chance that rates will rise after the September meeting....
Read More
Glencore’s profits hit new lows, so how should investors interpret this data release? Our Director of Investment Management, Alastair McCaig gives his view. Click here to watch the 4 minute interview.
Synopsis of the week Yellen sidesteps the option of surprising markets at Jackson Hole, triggering last Friday’s afternoon sell off. The Fed’s comments that the case for a rate rise before the end of the year has strengthened, suggests that one is coming. Of course Christmas is coming too and it will be interesting to see which turns up first....
Read More
Alastair was talking ahead of the UK markets open with Bloomberg’s Markus Karlsson. They discussed the imminent release of European PMI data, the health of equity markets and current thinking on the Fed’s interest rate decisions. Click here to listen to the interview on Bloomberg.
Synopsis of the week Worries over the UK’s decision to leave the EU following the Brexit vote have not fully been reflected in the economic data releases. Inflation figures released around the world are still poor and well below the standard 2% target most central banks have set. However in the short term they are not getting worse and in…
Synopsis of the week Last week it was the turn of the Bank of Japan to kick start its economy. However, in comparison to the boost that the UK & European markets received from the Bank of England’s actions in the week before, the Bank of Japan rather missed the mark. Equity traders have shrugged this off all too quickly....
Read More
