A Datastream chart of the month showing, “bumper UK retail sales in July as consumers shrugged off Brexit gloom,” was sent to me as a client of Cazenove Captial, a well known UK investment manager. Read more
Harvest thanksgiving services in many rural parish churches were for centuries well attended events in the church calendar which celebrated the harvest had been successfully gathered in for another year and the prospect of famine and poverty avoided.
The performance of the FTSE 100 share index appears to be fine so far after the UK’s Brexit vote, to paraphrase Mungo Jerry’s 1970 hit ,” In the summertime,” before the UK joined the EU, with global investors seeing US and other major indices rise too.
The cliches maybe old and tired but they usually contain an element of truth this time on what happens now in UK politics – it’s anyone’s game, all is possible, the cat is out of the bag and who knows what tomorrow brings or the worst possible outcome of all would be cry havoc and let slip the dogs of war as Europe has often witnessed, and recently too with Bosnia in 1990’s and Ukraine now although on the EU periphery it’s geographically part of Europe.
The polling cards have been delivered and the debate is at large for the referendum on the United Kingdom remaining or leaving the European Union on the 23rd June 2016.
Republican Presidential Nominee apparent for the 2016 election (unless the Republicans can depose him at their convention) Billionaire property tycoon Donald Trump as part of his electioneering bravado has promised to construct a wall along the Mexican border to stop illegal immigrants from entering the US.
The election result was never in doubt in the May 2016 Scottish Parliament elections it was more about who came in second place. The governing SNP won the election easily with 63 out of the 129 seats only 2 short of an outright majority although losing its parliamentary majority did take the shine off an otherwise good result again for the SNP.
US Republican nominee frontrunner Donald Trump appears at the moment to be the billionaire who has both the magic and the pong touch. He appeals to a section of disaffected voters across America, yet causes dismay and bemusement elsewhere. However, with his comments on whether women should be punished for abortion or not he has, bluntly put, handed Democratic front runner Senator Hilary Clinton a big club to beat him with.
Floods, Brexit and Migration with Weak Economic Growth and Tumbling Markets Makes 2016 A Tough Year Already.
There may have been a brief stock market rally late in 2015 and any expressed wishes for its continuance have been dashed as 2016 so far has been a tough one for many people and not just investors. Here in the UK floods have battered the country especially in Yorkshire, Cumbria and Scotland.
Another year starting so what’s in store for investors and markets?
In 2015 the GDP of the US economy grew at 2.4%, the UK did 2.5% and the EU managed 1.5% with all its currency and migrant upheavals (GS, 2015). China slowed down yet still reported 6.9% causing investors or speculators a heap of disappointment or margin call troubles depending on what figures one believes. India performed better at 7.4% and seems to have the confidence of pundits for an improvement in 2016 to 7.8% (GS, 2015). Let’s hope so, as India the world’s largest democracy, has disappointed before and there’s still plenty of debt and cronyism in its large institutions.