While it’s not quite Groundhog Day yet, it certainly feels like it. Last Monday supposedly marked the most depressing day of the year, when quite coincidentally, Brexit was very much the subject du jour. While there was little to speak of following May’s address to the House of Commons, whilst she ruled out a second referendum she is very much […]
Hot off the Press
Last week the biggest US banks reported solid fourth quarter earnings with most improving on the third quarter and beating analysts’ expectations too.
This resulted in both Goldman Sachs and Bank of America’s shares jumping by 9% and 7% respectively on Wednesday. Citigroup’s shares climbed 4% on Monday, Morgan Stanley increased 1% on Thursday and JP Morgan’s stock rose slightly as […]
After a tumultuous December, investors started 2019 cautiously. Global economic data pointed to a slowdown amid tighter financial conditions in the US. After the new year’s first full week of trading, markets appeared to have regained some of their vigour. Firstly, the MSCI All Country World Index went on a run of positive performance, cumulating in a +7.8% return in […]
When markets closed for the year last Monday, most investors would have been pleased to see the back of 2018, well, the latter part of it anyway. In their worst performances since the financial crisis in 2008, the FTSE 100 index fell 12.5%, the Dow Jones fell 5.6% and the S&P 500 was down 6.2%; and this is despite registering […]
Harold Wilson once said that a day is a long time in politics. If this past week has shown us anything, it is that even an hour can be a long time in politics. The week began with Theresa May intending to put her withdrawal agreement to Parliament for a vote, but by mid-morning on Monday, Number 10 had announced […]
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