Ear to the Ground
Taking centre stage were again the central banks, in particular the Bank of England and the US Federal Reserve.
Ear to the Ground
It was a busier week for economic data this week. Starting in Europe we had the European Central Bank (ECB) meet to set interest rate policy.
Ear to the Ground
There was very little in terms of UK economic data this week, anyone would think that it was the end of the summer school holidays! What we did have was the latest UK house price data, this time from Halifax.
Ear to the Ground
With UK economic data thin on the ground focus fell on the Nationwide House Price index this week.
Monthly Update 31/08/2023
Monthly Update31 August 2023 The Fund posted a return of -0.94% for August, outperforming the sector average return of -1.34%. Equity indices were predominantly in negative territory for the month, although they did partially rebound from their mid-month lows. Japanese equities were the only positive performers, with investors continuing to remain positive on the economic […]
Ear to the Ground
UK economic data was a little thin on the ground but we ended with some positive news regarding the economy. Preliminary data showed that the UK economy grew in the second quarter by 0.2%.
Ear to the Ground
We saw a small spike in equity market volatility this week, but for once the predominant driver wasn’t central banks. Instead, the credit (pardon the pun) goes to Fitch, the rating agency, who took the surprise decision to downgrade the credit rating of US federal government debt from the much coveted AAA rating to AA+.
Monthly Update 31/07/2023
Monthly Update31 July 2023 The Fund posted a return of 2.18% for July, outperforming the sector average return of 1.79%. Most major equity markets found themselves in positive territory in July, although there was dispersion amongst returns. The Hang Seng was a strong performer, with Chinese equities seeing a partial rebound after a weak period. […]
Ear to the Ground
Not a week appears to go by where we aren’t discussing inflation.
Ear to the Ground
Markets succumbed to a bout of weakness in the second half of the week…
