8 October 2020
James Godrich reviews the portfolios within the Coleman Street Investment service.
5 October 2020
The news that the Chancellor of the Exchequer has found it necessary to cancel the autumn budget underscores the difficult situation in which we find ourselves.
9 September 2020
Market update: James Godrich highlights some new holdings as he looks to take advantage of the current situation.
21 August 2020
We are, of course, in high summer, with fund managers on bucket and spade duty and the first half reporting season for companies pretty much at an end.
20 August 2020
Perhaps writers block swept through the working from home offices of the Financial Times in July.
12 August 2020
The news that BP, one of the income paying stalwarts of the FTSE 100, had announced it was halving its payout to shareholders as a consequence of the fall in the oil price reinforces the comments I…
22 July 2020
It’s not just Rishi Sunak that’s dishing out the cash. Stimulation packages are arriving thick and fast.
20 July 2020
We have only just passed the half-way stage, but 2020 is already a year to remember.
15 July 2020
James Godrich reviews the quarter in the context of the three multi-asset portfolios he manages, as part of JM Finn’s Coleman Street Investment service.
25 June 2020
It seems that the citizens of the United States of America won’t be the only people celebrating the Fourth of July this year.
18 June 2020
Research analyst, James Ayling tries to make sense of the current period of market volatility.
9 June 2020
February and March saw torrential downpours, April scattered showers and May blistering sunshine; the British weather appears to have correlated remarkably well with the mood of the markets in 2020…
2 June 2020
Head of Charities, Mark Powell reviews the infrastructure sector as an asset class, which the JM Finn charities team have been increasing exposure to over the last ten years, as they sought to…
27 May 2020
UK and US markets were closed last Monday for public holidays, here for the Spring Bank Holiday and in America for Memorial Day.
26 May 2020
JM Finn’s stock selection committee chairman, Freddy Colquhoun offers his thoughts on the market.
19 May 2020
Amid the ongoing global Coronavirus pandemic, Japan is navigating the greatest economic contraction since the end of World War Two.
15 May 2020
Marcus Holden-Craufurd, Investment Director at JM Finn looks ahead at some of the primary concerns for private clients.
13 May 2020
The news that our economy took a near 6% hit in March, resulting in a contraction of 2% in Gross Domestic Product for the first quarter of the year, was sufficient to bring the recent run of rises in…
12 May 2020
Latest market comment: Michael Bray, CFA looks ahead from the view of the bears and the bulls.
6 May 2020
The stock market is a discounting mechanism and following the sharp moves in February and March, investors used April to take a step-back and ask whether ‘enough’ discounting had been done.
29 April 2020
The problem with the current situation is that it is hard to know when it will all end.
23 April 2020
COVID-19 appeared from nowhere and took us by surprise at the start of March.
17 April 2020
One of the most discussed themes recently has been the impact of the coronavirus on dividends, with nearly £20 billion of upcoming payments in the UK cancelled.
15 April 2020
While we are all doubtless getting a little tired of coping with lockdown, the way in which the coronavirus pandemic develops is still driving market sentiment.
2 April 2020
During this incredibly volatile period, we feel it is particularly important to keep you, our clients, updated with our latest thoughts on the Coronavirus pandemic.
1 April 2020
Some years ago, Robert Harris wrote a fascinating book called The Fear Index.
1 April 2020
As the recent period of market volatility kicked in, I was in the fortunate position that all three funds that I manage had a small overweight cash position.
26 March 2020
Watch any game of rugby and you’ll notice that the goal kickers go through the same routine every time they take a kick.
18 March 2020
During my long career in the investment industry I have lived through several bear markets.
6 March 2020
In his 1987 letter to shareholders Warren Buffett told the story of Mr Market, your partner in a private business that every day appears with a price at which he will either buy your interest or sell…
5 February 2020
Markets were rocked by the potential disruption to global growth that the coronavirus could deliver, though the recovery, particularly in the US, has been remarkably swift.
23 January 2020
With our departure from the European Union just a few days away, markets are understandably subdued.
16 January 2020
Traders are often told to ‘sell in May and go away’, to ‘ride the Santa rally’ or to consider the Super-bowl Indicator; that is, when a team from the old American Football League wins the Super-bowl,…
8 January 2020
So here we are at the start of a new year and a new decade – the third of the twenty first century.
13 December 2019
The people have spoken. The Conservatives have taken power with their largest majority since the 1980s and the reign of Mrs Thatcher.
28 November 2019
With more encouraging noises emerging from the trade talks between the US and China, markets have been in a more buoyant mood.
13 November 2019
Markets have largely ignored the opening shots in the battle for the electorate’s votes.
11 November 2019
James, manager of the CSI multi-asset funds gives his thoughts on the funds in the context of the market.
30 October 2019
Just when you thought the political shenanigans at Westminster couldn’t get more convoluted, yet another episode in this sorry saga opens.
21 October 2019
Shares have been in a rather subdued mood recently, though sterling and the more domestically focussed FTSE 250 Share Index were a little perkier initially.
7 October 2019
James Godrich, CSI Fund Manager, gives us his market comment on the past quarter.
3 October 2019
Markets have become unsettled recently. Perhaps this is because there are so many issues unresolved that could have an impact on investor sentiment, of which Brexit is just one, though disappointing…
19 September 2019
The drone strike on Saudi oil facilities and subsequent wild fluctuations in the oil price served as a timely reminder that geo-political risks remain as a potential upset to sentiment.
5 September 2019
This week has seen important votes taking place in the House of Commons that will affect the future of this country dramatically.
21 August 2019
There’s nothing like a takeover bid to regenerate interest in the stock market.
7 August 2019
Markets have reversed their bullish trend recently, thanks in no small measure to the escalating trade war between the US and China.
24 July 2019
There is a strong feeling that we have somehow landed in Groundhog Day so far as markets are concerned.
10 July 2019
Although the FTSE 100 has retreated a little from the 7600 plus it achieved in recent days, it is still holding up remarkably well.
28 June 2019
It is interesting the way in which different assets are behaving in vastly different ways
12 June 2019
Shares have held up reasonably well recently, helped by President Trump cancelling the proposed tariff on Mexican goods and expectations of more central bank easing.
29 May 2019
With a short week of trading for both us and the Americans and little of note on either the results or the economic front, is it any wonder markets have been relatively quiet.
16 May 2019
Brexit might have faded into the background, so far as current market influence is concerned, but it is far from completely absent.
2 May 2019
Here we are in May. Might there be any reason to take note of that old stock market adage, sell in May and go away, this year?
18 April 2019
The combination of that terrible fire in Paris, the fact that Prime Minister May has succeeded in gaining a further extension in our leaving the EU process...
4 April 2019
Markets are looking remarkably healthy, given continuing uncertainty over global trade and Brexit.
20 March 2019
So much for having a clearer idea of what the future might bring, as I suggested a couple of weeks ago.
7 March 2019
With the votes in Parliament that will determine what sort of Brexit we are likely to have at the end of month due to take place next week...
21 February 2019
It is not just Brexit that is dominating investor sentiment at present. Banks, cars and trade are very much in the news.
6 February 2019
Recently the start of the Chinese New Year was celebrated. This time around it is the year of the Pig.
29 January 2019
James Godrich, CSI Fund Manager, gives us his market comment on the past quarter.
24 January 2019
I don’t know about you, but I am becoming increasingly bored with the way in which the talks on how we are to leave the European Union – or not – dominate the media at present.
11 January 2019
It’s worth remembering that good businesses adapt to their environment and successful investors tend to be natural contrarians that relish moments when all around are despairing.
9 January 2019
Here we are in the New Year. Most of us in the investment industry will be happy to see the back of 2018.
2 January 2019
Well, nobody can say that 2018 hasn’t been without its moments.
14 December 2018
A few days ago I was tasked with addressing an audience of an advisor’s clients who were looked after by JM Finn.
29 November 2018
Despite feeling all Brexited out, it is hard to avoid this overarching topic right now.
31 October 2018
With meaningful news somewhat sparse at present, Brexit aside of course, the last Budget before we leave the European Union has given us something to think about.
18 October 2018
They say a week is a long time in politics. It can be close to a lifetime in the investment world, too.
15 October 2018
In June 2017 Luis Caputo, the then Argentine finance minister, pulled off a remarkable coup.
4 October 2018
Now we are at the start of the last quarter of 2018, the opportunity has arisen to look back at the previous quarter.
20 September 2018
With the party conference season now well underway, political issues are likely to dominate sentiment for the next few weeks.
5 September 2018
There is a “back to school” feel about the City right now. Parliament has reassembled and commuting has the added pressure of schoolchildren returning to their studies.
30 August 2018
The summer doldrums are well and truly upon us. Company news is thin on the ground and, as for economic data, it seems all the statistics compilers are on holiday too.
9 August 2018
After a recent dip, the FTSE 100 Share Index has been heading up towards new high ground – which is more than can be said about the pound.
25 July 2018
As the heat wave grinds steadily on, with no rain having fallen in my part of the country for 50 days or more, markets seem to be basking in the sun.
18 July 2018
Fred Mahon reviews the last six months and suggests the tune has changed this year.
13 July 2018
Perhaps it is a consequence of the heatwave or of England’s early impressive showing in the football World Cup, but our stock market has really held up rather well this summer.
27 June 2018
It has been a choppy month for investors in Europe as political shenanigans in Italy and Spain spilled over into wider market jitters.
14 June 2018
Hardly a day goes by without a story from one of those familiar names that can be found in our beleaguered High Streets, demonstrating just how tough life has become.
8 May 2018
Trading weeks starting with a multi-billion pound takeover are not that common. The news that Sainsbury is to shake up the supermarket world caught everyone by surprise.
1 May 2018
Last week we finally had some sunshine and the first glimpse of spring.
24 April 2018
It has been a long, hard winter. Personally, I blame Russia. After all, the “Beast from the East” had its origins in Siberia.
14 March 2018
The revolving doors at the White House continue to see advisers leaving the Oval office.
8 March 2018
Markets sprung to life in February as volatility picked-up and global equities dropped back to December 2017 levels.
26 February 2018
At the beginning of February the question on the lips of investors was whether the return of volatility presaged an end to the bull market or was merely a correction, following a sustained period of…
15 February 2018
Last week we saw volatility return to global equity markets with a bang, with the major indices registering their worst performance in two years.
9 February 2018
Stock markets around the world were thrown into turmoil as a consequence of a sell-off in America.
16 January 2018
2018 has arrived, with markets close to all-time highs in many instances.
15 December 2017
With Christmas but a few days away, investors could be forgiven for having their minds on things other than what is happening in markets.
4 December 2017
It has been a case of more of the same for the year as equity markets mostly edged higher in November.
4 December 2017
Philip Hammond's Autumn Budget passed with few surprises and markets barely registered the event.
20 November 2017
Markets have continued in a quietish mood, despite much going on in the background. The recent UK inflation figures had little impact, other than on sterling.
2 November 2017
October was a strong month for equity markets and was typical of developments seen so far in 2017.
30 October 2017
Thirty years ago markets were reeling from the cataclysmic drop in shares that had started in America.
17 October 2017
Equity markets have marched steadily higher through the year, with the technology sector and Emerging Markets leading the troop.
5 October 2017
US shares have been hitting new highs recently, while our own market has been in fine fettle as well.
20 September 2017
Markets continue to enjoy something of a spring-like quality. US and European shares have been hitting new highs, as have some of those in the Emerging Markets arena, while our own market is not in…
20 September 2017
Volatility returned to global markets as Donald Trump and Kim Jong-un squared-up to each other in the late summer and, at the point of writing, neither leader is showing much willing to compromise.
20 September 2017
Given the heightened tension on the Korean peninsular, you might have thought that those traders back from their summer holidays would be heading for the hills.
3 August 2017
Markets are enjoying more of a holiday mood now we are into August. While it is not a one way street, generally any overall setbacks are made up for fairly swiftly.
26 July 2017
We may be in the heart of the holiday season, but there is plenty of economic news around to set the tone for markets.
12 July 2017
Recent modest falls in the pound, gold and oil were defied by shares, which managed to rise a little.
4 July 2017
Markets seem to be taking their summer holidays early this year. With corporate and economic news thin on the ground, there isn’t a great deal to get one’s teeth into.
22 June 2017
May was another month of low volatility and generally positive returns for equity investors continuing what has been the consistent trend so far in 2017.
14 June 2017
There is an old adage in the investment world that goes along the lines that you should never believe the person who says 'this time is different'.
1 June 2017
Well, we managed to survive May – that most capricious of months for investors.
23 May 2017
2016 demonstrated that what could be perceived as bad for the UK economy can be good for UK markets.
19 May 2017
With our own FTSE 100 Share Index breaking above 7500 for the first time and the US S&P 500 Index having hit new highs, before White House shenanigans sent it into reverse, investors are doubtless…
8 May 2017
The second quarter of 2017 has begun in generally positive terms for global equities, with the three main US indices continuing to push towards new highs and European markets rallying after both…
3 May 2017
May has got off to a more comfortable start than might have been expected, given the sabre rattling taking place on the Korean peninsula and some disappointing economic growth numbers coming out of…
28 April 2017
An interesting affect from the Quantitative Easing (QE) since 2008, has been the repositioning of the traditional business cycle.
20 April 2017
The news that we are to go to the polls on June 8th caught everyone by surprise, but markets barely registered the fact.
6 April 2017
It has been a steady start to the year, as the positive economic and wider market momentum that began last summer has persisted through the first quarter of 2017.
5 April 2017
So here we are at the start of the second quarter of 2017, with markets in a quiet frame of mind.
22 March 2017
News that inflation had leapt to its highest level for nearly four years had little impact on markets.
14 March 2017
February was a positive month for most asset classes, with US equities continuing to lead the way.
8 March 2017
Markets have been understandably quiet recently. With the Chancellor of the Exchequer about to announce his Spring Budget as I put pen to paper (and on the day of our Investment Conference, too!),…
23 February 2017
With a budget just around the corner, the direction the Trump administration is likely to take still far from clear and more doubt over the Brexit negotiations as the House of Lords debates the…
14 February 2017
‘Ceteris paribus’ is a favourite phrase amongst economists that is often laughed off as having little utility in the real world. Its meaning is ‘all other things held constant’ which we all know is a…
10 February 2017
Markets have quietened down over the course of the past two weeks.
7 February 2017
It has been a relatively steady start to 2017 from a market perspective.
25 January 2017
By any stretch of the imagination, there has been a great deal to take on board during these first few weeks o f 2017.
11 January 2017
Equity markets finished 2016 in optimistic mood, contrary to early expectations and a series of adverse political events.
23 December 2016
So, farewell then 2016. It has certainly proved an eventful year, with plenty of surprises and more than enough for investors to worry about.
19 December 2016
Following the most recent Monetary Policy Committee meeting the Bank of England announced that rates would be held steady at 0.25%.
8 December 2016
With Christmas approaching ever faster and the autumn statement now behind us, we might reasonably expect markets to become a little quieter.
6 December 2016
Donald Trump has roared to election success and for the second time this year voters have emphatically rejected the status quo.
23 November 2016
I can’t say the last of the autumn statements impressed me over much. Much of the important stuff was leaked in advance. And the expectation of an economic slowdown is hardly new.
10 November 2016
This year has been full of surprises. Who seriously thought we would be heading out of Europe ahead of June 24th? And who really expected the 45th President of the United States to be a billionaire…
9 November 2016
Donald Trump’s victory in the US Presidential Election has overturned the opinion polls’ prediction and financial markets expectation of a narrow victory for Hillary Clinton.
9 November 2016
Thursday 3rd November was termed by some as Super Thursday in the UK as markets were shaken each way by a raft of news and data pointing towards the health, both past and future, of the domestic…
3 November 2016
Equity markets had a softer month in October, with most global markets dipping back below annual highs made at the end of the summer.
27 October 2016
Thirty years ago, at the end of October 1986, the City of London went through what became known as the Big Bang.
12 October 2016
Despite the excitement being generated the other side of the Atlantic, to which I will return later, it has been the Brexit negotiation timetable that has dominated markets recently.
10 October 2016
In 2013 the markets suffered what became known as the ‘taper tantrum’ when Ben Bernanke, the then Federal Reserve Chairman, announced that the Federal Reserve would be tapering back its more than $80…
28 September 2016
The US Presidential election race is well and truly under way.
16 September 2016
A degree of volatility has returned to markets. Once again it has been central bank bosses that have been setting the tone.
8 September 2016
Global markets edged higher throughout August and volatility levels fell to their lowest since mid-2015.
30 August 2016
Summer has arrived late this year for we home dwellers. At last it is possible to enjoy the hot and sunny weather – and to do so without having to worry too much about what is taking place in markets.
11 August 2016
While the cut in interest rates by the Bank of England was well signalled in advance, the implications for markets remains clouded.
20 July 2016
At least one of the uncertainties created by the unexpected vote to leave the European Union has been eliminated.
19 July 2016
With significant news and data out of China, the UK and the US, last week offered plenty of food for thought much of which could have been introduced with the question, ‘do you want the good news or…
18 July 2016
Global economic growth continues to tick along at reasonable, but not spectacular, rates and central bankers across the major economies remain dovish.
14 July 2016
Despite economists expecting a rate cut, there was no change.
12 July 2016
The Monetary Policy Committee of the Bank of England will meet this week to decide upon the most appropriate monetary course for the UK following the decision to leave the European Union.
6 July 2016
Things didn’t quite turn out as expected. We are to leave the European Union, but the FTSE 100 Share Index is higher at the time of writing than it has been for months.
24 June 2016
So the bookies got it wrong – or perhaps more correctly, the betting public backed the wrong horse.
20 June 2016
One of the key events driving the markets this month has been the EU Referendum and with swinging expectations of the outcome, last week was no exception.
8 June 2016
Markets are remarkably quiet at the moment – hardly surprising with the referendum still overhanging market sentiment.
6 June 2016
On our return from last week’s Bank Holiday the markets had three risk events to contend with, all coming towards the end of the week.
26 May 2016
Markets have steadied in the last week or so, with a strong one day performance for the FTSE 100 Share Index at the end of the week resulting in a positive return for the week overall.
19 May 2016
As the days have been lengthening, so markets have developed a rather different feel to that which had been established as spring blossomed, following a difficult start to the year.
22 April 2016
Markets have been behaving in a better way than many feared, given recent weakness in Far East markets and the ongoing wrangle over what leaving the European Union might mean for our economic…
14 April 2016
Spring somehow seems brighter with the world a less worried place and focus returning to the core economic debate of where low or negative in terest rates take the economy.
6 April 2016
It is several weeks since last I shared with you my views on markets. Has much changed over this time? Not really.
2 March 2016
With a deal now sealed and the battle lines being drawn for June’s referendum, Europe looks like being the focus of attention for the foreseeable future.
22 February 2016
Andy Haldane, Chief Economist of the Bank of England, has flagged the real possibility of a negative interest rate strat egy.
16 February 2016
Has the bear market finally come to an end? Shares have certainly rebounded recently, taking heart from a more buoyant mood in Asia.
9 February 2016
Since the start of the year, the world economy has undergone severe financial market volatility, marked by sharply falling prices for equities and other risky assets.
26 January 2016
Asian markets have been having an uneasy time of it recently, though the FTSE 100 Share Index is developing a steadier tone after a relatively poor start to the year.
20 January 2016
Investors are gradually coming to understand what outflows from China and a potential renminbi devaluation might mean for Western markets.
6 January 2016
The New Year got off to a tricky start for investors. Not that 2015 could be viewed as the easiest of years. The FTSE 100 Share Index closed around 5% lower than at the start of the year, despite…
21 December 2015
Far from being a season of goodwill to all men, investors have had a lot to put up with since the doors on their Advent Calendars started popping open.
17 December 2015
As largely priced-in, the Fed raised the target range for its fed funds rate by 25 basis points yesterday, to between 0.25% and 0.50%.
3 December 2015
We are definitely seeing an increase in the seizing up of the property market here in the UK’s capital for several reasons. The Yuan devaluation has hit the Chinese investor base, whereas oil related…
2 December 2015
Now that we are in the meteorological winter, which weather forecasters claim runs from the 1st December to the end of February and Advent, what is important for investors is whether we will enjoy a…
16 November 2015
With the weakness in Emerging Market currencies and commodities well established, the likelihood of China having a hard landing has increased. Inventory de-stocking is clearly underway as is the…
3 November 2015
Our first ever investment conference was held recently – and most successful it was, too. The background was a subdued market where the FTSE 100 Share Index had lost a little over 1% in the week…
21 October 2015
With China’s President on a state visit to the UK, what better time could there be to look at the most populous nation on earth. Given that our leading steel maker has just laid off over a thousand…
9 October 2015
Current market pricing implies a lift off in early 2017 for UK interest rates; more than six months after the Fed.
7 October 2015
I am old enough to remember the first crop of state sell-offs under the Thatcher government in the early 1980s. Actually, I am sufficiently old to remember the de-nationalisation of the steel…
30 September 2015
With the weakness in Emerging Market currencies and commodities well established, the likelihood of China having a hard landing has i ncreased. Inventory de-stocking is clearly underway as is the…
23 September 2015
Greece is back in the news again, though fortunately not for making waves in markets. The fact that prime minister Alexis Tsipras is back in power does not augur well for future negotiations, though.…
17 September 2015
While today’s rate hike decision leaves markets poised internationally in a perfect storm, the Treasury futures market is forecasting a lower probability at 30% than are the various camps of eco…
15 September 2015
The financial press has been crammed full of bad news since late summer. Whether it is China slowing, oil prices continuing to slide or thousands of miserable refugees flooding into the EU, it is hard…
10 September 2015
China is proving slow to go away as a perceived problem for investors. While the shock announcement of its, admittedly modest, currency devaluation against the US dollar did not produce the mayhem in…
4 September 2015
The UK Industrials sector is an eclectic mix. Businesses included under the Industrials umbrella range from building merchants, to laundrettes, to submarine manufacturers. It is probably more useful…
20 August 2015
This is the time of the year when hard news stories are in short supply – when the silly season rules in earnest. Perhaps this is just as well as market pro fessionals are more likely to be taking…
10 August 2015
The focus has shifted from Greece to China over recent days. Shares on the Shanghai Stock Exchange have continued to give investors a rough ride. While the problems stem mainly from the speculation…
5 August 2015
Since the 2008 GFC, or Global Financial Crisis, the Fed has attempted to stem a deflationary spiral with loose monetary policy. A deflationary spiral is where consumers and businesses stop buying…
20 July 2015
When last I shared my thoughts on what might be in store for markets, investor confidence was being assailed from a variety of directions. Yet somehow we seem to have managed to survive. Greece has…
6 July 2015
There is a saying, purported to be an old Chinese curse (though no real evidence exists to give credibility to this), which goes “may you live in interesting times”. Investors certainly have more…
29 June 2015
Step back from the headline press photos of weeping Greeks and pause for thought...
24 June 2015
Markets have continued to move at the whim of the Grecian discussions over how to pay the next instalments due on its bail out repayments. Some bad tempered exchanges between the negotiating parties…
18 June 2015
Faced with an inability to service its debt levels, the Greek economy faces the traumatic and unprecedented possibility of leaving the Eurozone. With its banks already having seen deposit outflows…
10 June 2015
There have been some interesting developments recently, with rumours abounding that drinks giant, Diageo, could be on the receiving end of a bid. Rather than another beverage firm seeking to…
29 May 2015
Markets have proved remarkably quiet in the weeks since the general election. Shares in the UK have been hopping either side of the 7000 level on the FTSE 100 Share Index, with seemingly little…
12 May 2015
While there is an old adage in the investment world that you should never believe anyone who says this time is different, it is fair to say that nothing is truly certain. The same is equally true for…
8 May 2015
Two weeks ago we took the view that the Tories had more chances to “pull rabbits out of hats” than any other party.
28 April 2015
Our domestic market has failed to surrender any of its recent positive momentum, despite a lack of progress in a number of important areas, such as Greece and Ukraine. This could all change soon, of…
21 April 2015
The market seems to be taking the continuing focus on how the country might be run after next month’s general election in relatively good heart. Perhaps the message is that it doesn’t really matter…
2 April 2015
Last month I took the view that the 2008 loose monetary policy had left a raft of “zombie” companies who would usually have gone bust in a proper recession with higher interest rates.
25 March 2015
With shares having convincingly travelled through 7000 on the FTSE 100 Share Index and some more encouraging noises emerging from the Federal Reserve Bank over in the United States, investors must be…
11 March 2015
Well, we eventually made it. The December 1999 peak for the FTSE 100 Share Index has been finally topped – not by much, though, nor for too long. I had rather hoped we might have seen the Footsie dash…
25 February 2015
Closing above 6900 at last, our own FTSE 100 Share Index came the closest it ever has to establishing a new high. Indeed, it briefly rose above the previous closing peak, though not above the intraday…
11 February 2015
Given, the rather dusty response received by Germany and France’s leaders over possible cease fire plans in Ukraine, continuing bad news coming out of Syria and adjacent regions in the Middle East and…
28 January 2015
So Quantitative Easing (QE) kicks off in Euroland in March, at a rate of €60 billion per month, lasting until September 2016.
14 January 2015
There is an old stock market saying which I have doubtless referred to before. As goes January, so goes the rest of the year, it says. If the start of this New Year is anything to go by, we could be…
30 December 2014
December has been an unusually tricky month for investors. The week following my suggestions a fortnight ago that markets were entering a quiet phase saw shares plummeting as geo-political and…
9 December 2014
With the end of the year fast approaching and efforts increasingly being diverted into matters festive, it seems an opportune moment to reflect on the past twelve months and consider what the New …
26 November 2014
Certain times of the year appear to enjoy particular characteristics. October has been the month of market upsets – the Great Crash of 1929, Black Monday in 1987, even this year was not without its…
13 November 2014
The calmer conditions that were ushered in as the clocks changed have continued. The FTSE 100 Share Index has posted modest weekly gains recently and remains in a positive, if quietish, frame of mind.…
31 October 2014
Last month we said that we were worried that the global yield curves would flatten. We were “worried” because a flat yield curve is thought to be the harbinger of low economic growth.
29 October 2014
While markets have at last calmed down a little, there is little doubt that sentiment has softened since the highs that were achieved back in the summer. While the FTSE 100 Share Index managed to…
29 October 2014
Markets have faltered over October amidst concerns ab out the global economy. The slump in global oil prices, weaker German data and the IMF’s recent downward revisions of growth forecasts were among…
20 October 2014
It is remarkable what a difference a couple of weeks can make. It was not so very long ago that it looked as though our benchmark FTSE 100 Share Index had a chance to break through into new high…
2 October 2014
The now immortal Draghi line of July 2012 was “whatever it takes” … to save the euro. The less understood undercurrent behind that comment and indeed the multitude of now forgotten but similar…
1 October 2014
When last I shared my thoughts on markets, the Scots had enjoyed a last minute injection of good sense and committed (just) to the maintenance of the Union. Shares had been volatile ahead of the…
22 September 2014
Shares had run out of steam ahead of the Scottish referendum vote - hardly surprising given the disruption a Yes vote would have generated. Continuing uncertainty in the Middle East and Ukraine did…
8 September 2014
Now we are in September – the start of autumn, according to the Met Office - everyone is getting back to work. Included in those stating a new job has been Dave Lewis, who took the helm at Tesco…
12 August 2014
Just as the weather took a turn for the worse after a prolonged period of exceptionally summery conditions, so markets succumbed to the worsening situation in the Middle East. Shares have slid lower,…
1 August 2014
Our own stock market has been winding down. Volumes are low and there is a definite sense that the summer holidays have arrived. Yet much is happening on the world stage that would probably have a…
25 July 2014
The quest for wage inflation continues. Consider the virtuous cycle of consumers spending more, enabling companies to make greater profits and then both (a) investing more for productivity gains and…
17 July 2014
Early July was not a comfortable time for UK investors. The FTSE 100 Share Index fell by close to 4% in just five days - the biggest drop in a single week since last March. It is difficult to see what…
1 July 2014
Markets have entered into holiday mode early this year. Volumes are subdued and little overall progress is being achieved. In some measure this should be viewed as good news, given the level of geo…
24 June 2014
What we have seen recently is that governmental housing loan initiatives have pushed up house prices and taken negative equity out of the regional areas. I think that makes a huge difference to how…
17 June 2014
In the jargon –ridden world of investment, many terms and phrases conceal the real meaning of events to the casual observer. Describing a market upset as down to “Geo-political concerns” is not taking…
4 June 2014
While US markets have moved into new high ground, our own FTSE 100 Share Index still remains below the peak level of nearly fourteen and a half years ago – but not by a great deal. At one stage…
21 May 2014
Markets have retained their more positive stance, despite little sign of any resolution in any of the world’s trouble spots. The FTSE 100 Share Index moved tantalisingly close to its all time high of…
29 April 2014
Despite the situation in Ukraine remaining worryingly volatile, shares have regained some of their composure. In a way this is a little surprising. First quarter profit figures coming out of America…
15 April 2014
Shares have been in a risk-off mode recently,primarily as a result of the worsening situation in the Ukraine. After shrugging aside these concerns and pushing towards new high ground, our own FTSE 100…
14 April 2014
Growth in the UK and the US, with the latter affected by weather patterns, is picking up very fast. This has increased interest rate expectations and short sterl ing futures are now discounting 0.7%…
4 April 2014
US M&A activity is picking up steam. Deal volume in the first quarter of this year was the highest since 2007 (in dollar terms). The total of $278bn of transactions includes high profile deals such as…
25 March 2014
Although markets have not succumbed to the downward pressure the continuing unrest in Ukraine is generating, they are not making much positive prog ress either. Given that Asian markets got off to a…
11 March 2014
Despite a lift for markets, arguably helped along here in the UK by the Vodafone demerger, shares have become somewhat lacklustre of late. The situation in the Ukraine is undoubtedly weighing on…