Last Monday, the US government released its budget proposal for 2020, entitled ‘A budget for a better America’. It highlights the key priorities for the executive but, just like any budgetary plan, there are winners and losers and it’s clear in this case who those two groups are: Defence is the clear winner and the Medicare and Medicaid health programmes […]
Hot off the Press
It was another week that Phil Connors would have been familiar with, being the reluctant hero portrayed by Bill Murray in Groundhog Day and ironically the title of our Monday update five weeks ago.
We all recognise the merry-go-round of geopolitical risks that currently dog the markets and last week we got another episode of kicking the can down the road. […]
You wouldn’t be mistaken if you heard tumbleweed last week, with little news of note; even the Trump twitter feed was silent, leading in to what was an incredibly quiet week. It was President’s Day on Monday which meant US equity and bond markets were closed. The FOMC meeting took place mid-week with members of the committee split on further […]
Last Wednesday the US Securities and Exchange Commission (SEC) received an Initial Public Offering (IPO) filing from Levi Strauss & Co, the US clothing manufacturer, to re-list on the New York Stock Exchange (NYSE). The 145 year old firm first went public in 1971 and in 1985 the Strauss family effected a Leveraged-Buy-Out to take the firm private again. Now, […]
This week global markets started to recover from an agitated final quarter of 2018 by inching upwards. The MSCI All Country World Index posted a gain (+1.14%), primarily led by the United States’ stock markets which also recorded a gain (+1.88% as measured by MSCI USA). A similar picture was also reflected in equity returns in Europe and the Emerging […]
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