The week in review

rss

Backseat drivers

Backseat drivers

Investors took a second referendum on the UK’s Brexit deal last week: the result was a resounding no. Read more >>

All the tea in China

All the tea in China

Markets were dominated by US politics last week, with investors first holding their breath and then pondering how America will fare with a split Congress. Read more >>

Getting what you want

Getting what you want

Life is in the living, not the grave; joy is in hope, not receipt. Nothing is ever as fulfilling as we can imagine. And so it is with the stock markets that, at bottom, are a barometer of people’s moods. Read more >>

Powell's tough love?

Powell's tough love?

A broad range of US companies reined in estimates of 2019 growth last week, most notably Amazon. Last week, we noted that any corporate concerns about next month’s profit and revenue growth would weigh heavily on stock markets and we were correct. Read more >>

What the future brings

What the future brings

The US market stabilised last week. Well, on the surface, at least. Read more >>

How much is your cash worth?

How much is your cash worth?

For answers about the global stock market dip of the past couple of weeks, we think you need to look at the bond market. That, mixed with some jumpy robots, is most likely the cause, we believe. Read more >>

Hold onto your yields

Hold onto your yields

US Treasury yields soared last Wednesday in a truly astonishing 12-basis-point one-day jump. The move was triggered by ADP employment figures that smashed expectations and was given extra fuel by US Federal Reserve Chair Jay Powell saying rates were still a way off “neutral”. Read more >>

Political spaghetti

Political spaghetti

It’s low-heat rebellion time at the Conservative Party Conference. Read more >>

Conference season

Conference season

Theresa May’s Chequers plan got a shredding in Salzburg, with EU leaders taking turns to dismiss each part in turn. In fairness, they simply reiterated the concerns and problems that they had highlighted months ago when the plan was first unveiled. Read more >>

Hope emerging

Hope emerging

Emerging markets recovered sharply last week after a hefty rate hike by the Turkish central bank and a more modest – but still applauded – one by the Russian monetary authority. Read more >>