Economic Commentary – Feb 2020

February 12th, 2020, by Chris Davis

Always had a vision, always had high, high hopes Financial markets entered 2020 with optimism. Geopolitical tensions had eased and there were tentative signs of a manufacturing pickup in activity that had plagued the sector and hampered the global economy… Read More…

Economic Commentary – Jan 2020

January 14th, 2020, by Chris Davis

When will those dark clouds all disappear After a tumultuous year of geo-political, political and economic change global growth has slowed to its lowest annual rate since the financial crisis. Growth slowing to 3% and a benign inflationary environment provided… Read More…

Market Monitor – Dec 2019

January 7th, 2020, by Chris Davis

Market tail risks reduced in December with an apparent trade truce between US-China and a Conservative general election victory. Risk assets ended the year in positive fashion as a result. Sterling rose against the US Dollar (2.1%), Euro (1.1%) and… Read More…

Economic Commentary – Dec 2019

December 9th, 2019, by Chris Davis

Winner Takes It All In our last Economic Background of the decade global growth has weakened to 3%, its slowest pace since the global financial crisis and a material slowdown from 3.8% in 2017. Rising trade and geopolitical conflicts are… Read More…

Market Monitor – Nov 2019

December 2nd, 2019, by Chris Davis

Accommodative central banks and a bout of optimism in geopolitical events helped to boost equity markets in November, supporting the year to date performance. However the performance of the major indices can obscure sector and style rotation and a wide… Read More…

Economic Commentary – Nov 2019

November 15th, 2019, by Chris Davis

The 2019 story so far has been one of political and geopolitical uncertainty leading to a dampening of investment, trade and confidence. Investor sentiment has oscillated between optimism and pessimism dependent upon the tweet, communiqué or vote in proceedings. Faced… Read More…

Market Monitor – Oct 2019

November 5th, 2019, by Chris Davis

There was nowhere to hide for investors in October as major bond, equity and commodity index prices declined over the month. Following the announcement of another negotiated withdrawal agreement, the likelihood of the UK leaving the EU without an agreement… Read More…

Economic Commentary – Oct 2019

October 10th, 2019, by Chris Davis

Ever Changing World As we head into the final quarter of the year we find the global economy slowing, inflation conspicuous by its absence and central banks delivering accommodative monetary policies. Increased volatility in markets reflects the ongoing trade tensions… Read More…

Market Monitor – Sept 2019

October 3rd, 2019, by Chris Davis

Domestic and global political risks remain at heightened levels during September. In response to slowing global growth and weakening inflation global central banks eased monetary policy. Whilst all major stock markets generated positive returns over the month this obscures a… Read More…

Distribution of equity returns – update

September 20th, 2019, by Martyn Torevell

Most of our clients have exposure to UK and global equities as we believe that they are one of very few assets with the potential to provide capital growth and a rising income over time. This article is an update… Read More…

Economic Commentary – Sept 2019

September 9th, 2019, by Chris Davis

There may be trouble ahead Traditionally the summer months have little economic and political news flow, not so in 2019. As Hurricane Dorian heads towards mainland US, markets are increasingly becoming more volatile as economic data weakens, geopolitical risks intensify… Read More…

Market Monitor – Aug 2019

September 5th, 2019, by Chris Davis

Markets faced weakening global economic and corporate data combined with an increase in geopolitical risk during August, resulting in an increase in market volatility and investors to favour more defensive assets. As Argentina decide whether to give socialism another go,… Read More…

Economic Commentary – Aug 2019

August 6th, 2019, by Chris Davis

Hot in the City Reflecting the uncertainty in the global economy and markets, the UK’s weather provided great volatility this month, with Cambridge recording the highest ever temperature in the UK at 38.7C and Cheshire receiving more than twice the… Read More…

Market Monitor – July 2019

August 1st, 2019, by Chris Davis

The increased expectation of a synchronised global loosening of monetary policy helped drive market sentiment in July. However slowing global growth, weakening trade and manufacturing data, benign inflation and protectionist government policies continue to overhang markets. After increasing the federal… Read More…

Economic Commentary – July 2019

July 9th, 2019, by Chris Davis

Starting All Over Again In Osaka, Japan the G20 (an international forum of government leaders, central banks and international organisations, accounting for at least 75% of world trade) met at the end of June to discuss amongst other things the… Read More…